Wilmington, DE – October 2020 – Phillips & Cohen Associates, Ltd., industry leading decedent account management business servicing creditors in the US, Canada, UK, Ireland, Australia, New Zealand, Spain, Portugal and Germany, today announced the successful acquisition of a portfolio of deceased consumer claims in Germany.

The portfolio was acquired by Phillips & Cohen’s acquisition arm, Invenio Financial, from one of Germany’s largest financial institutions as part of a strategic, long-term partnership.

Adam S. Cohen, Co-Chairman/CEO commented on the acquisition:

“We are proud to have successfully closed our first portfolio acquisition in Germany shortly after our market entry. Having been selected by one of the country’s most prominent financial institutions underscores that our commercial offering, professional execution and compassionate customer approach for deceased claims are ideally suited for the German market.  We are honored to become the new long-term, professional partner for one of the leading banks in Germany and look forward to growing our purchasing and servicing business in the German market”.