Runci Group
  • About Us
  • Services
  • Portfolios For Sale
  • Recent Transactions
  • News
  • Contact Us
  • Menu Menu
  • Link to LinkedIn
  • Link to X

$62.3 Million

September 20, 2023/in Tombstones/by Christopher Runci

Our Role: Sell-Side Advisor/Broker

Type: Portfolio Sale

Description: Charged-Off Commercial & Consumer Equipment Leases

Runci Group, as exclusive Advisor, assisted a 30+ year old, specialized, New England based FinTech company that provides financial services to businesses that buy, sell and lease equipment in the sale of approximately $62.3MM of charged-off commercial and consumer equipment leases. The Company had sold once previously through another Broker but wasn’t convinced they’d received the broadest distribution or best possible offer for their portfolio. The Company also had issues with subsequent unauthorized resales of its accounts to third parties without proper disclosures. With limited internal resources and ongoing challenges due to COVID, the Company wanted to sell its more recent inventory of charged-off accounts but only if previous results could be significantly improved and the risks associated with resales could be limited.

Outcome:

Runci Group analyzed the company’s current inventory of charged-off accounts and previous sale results and recommended a segment-based marketing strategy to state, regional and national Purchasers based on the unique composition of the portfolio. Runci Group also provided assistance in assembling a Purchase and Sale Agreement to better protect the Company’s interests while allowing for future downstream sales (an important element in buyer pricing). In the end, the Company received more than 25 offers for the portfolio including several national offers and a transaction was closed with a leading provider of receivable management and receivable purchasing.

Share this entry
  • Share on Facebook
  • Share on X
  • Share on WhatsApp
  • Share on Pinterest
  • Share on LinkedIn
  • Share on Tumblr
  • Share on Vk
  • Share on Reddit
  • Share by Mail
https://runcigroup.com/wp-content/uploads/2020/10/commercial-equipment-leases.jpg 853 1280 Christopher Runci http://runcigroup.com/wp-content/uploads/2020/11/RunciGroup-wTag-v2-300x136.png Christopher Runci2023-09-20 20:28:042024-01-17 20:07:25$62.3 Million

Recent News

  • What’s driving the rising volume of Judgment sales?January 21, 2023 - 1:42 pm
  • Send it and forget it is NOT a Recovery Strategy in today’s business world!May 4, 2017 - 1:43 pm
  • Higher Ed Institutions should consider selling defaulted private student loansFebruary 10, 2016 - 1:47 pm

Debt Portfolios

  • $178 Million of Charged-Off Unsecured Consumer Installment LoansMay 8, 2023 - 9:19 pm
  • $8,024,056 In Residential Utility AccountsJune 30, 2021 - 8:20 pm
  • $4,904,397 In Paying & Non-paying Consumer JudgementsJune 1, 2021 - 5:57 pm
  • $15,912,416.64 In Charged Off Consumer LoansMay 25, 2021 - 1:46 pm
  • $6,679,447 In Commercial JudgementsMay 4, 2021 - 12:57 pm

Recent Sales

  • $62.3 MillionSeptember 20, 2023 - 8:28 pm
  • $13.2 MillionSeptember 20, 2023 - 8:27 pm
  • $4.5 MillionAugust 20, 2023 - 8:23 pm
  • $1.1 MillionJuly 20, 2023 - 8:22 pm
  • $1.8 MillionJuly 20, 2023 - 8:20 pm

Navigation

  • Runci Group
  • Industry News
  • Recent Transactions
  • Portfolios For Sale

Contact Us

5600 Post Rd.
#114-163
East Greenwich, RI 02818
(877) 452-6466

Latest News

  • What’s driving the rising volume of Judgment sales?January 21, 2023 - 1:42 pm
  • Send it and forget it is NOT a Recovery Strategy in today’s business world!May 4, 2017 - 1:43 pm
© Copyright - Runci Group
  • Link to LinkedIn
  • Link to X
  • Runci Group
  • Industry News
  • Recent Transactions
  • Portfolios For Sale
Link to: $13.2 Million Link to: $13.2 Million $13.2 Million
Scroll to top Scroll to top Scroll to top