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Brookfield-backed debt collection giant Panthera finds new owner

The article from the Australian Financial Review discusses the acquisition of Panthera Finance, a debt collection firm backed by Brookfield Asset Management, by a consortium led by private equity firm Allegro Funds. The deal, which values Panthera at approximately $1 billion, marks a significant transaction in the financial services sector. Panthera, known for its operations in Australia and New Zealand, has been a key player in the debt collection industry, managing portfolios for major banks and financial institutions. The sale comes at a time when the debt collection market is experiencing growth due to economic pressures leading to increased consumer debt. Allegro Funds, with its experience in financial services, aims to expand Panthera's operations and enhance its technological capabilities to better serve its clients. The transaction highlights the ongoing consolidation in the debt collection industry, driven by private equity interest in specialized financial services.

Read the Full The Australian Financial Review Article at:
[ https://www.afr.com/companies/financial-services/brookfield-backed-debt-collection-giant-panthera-finds-new-owner-20241205-p5kw8d ]