Repcol forms funding venture

DEBT collection company Repcol has formed a debt purchasing venture in partnership with international investment fund Cargill Value Investment. The new venture, Trans-pacific Debt Purchase, will initially focus on purchasing ‘distressed’ consumer debts in the Australian market. Cargill will provide the debt funding, Repcol will provide the collection services and the two partners will share equally in the equity contributions and future earnings. In its first debt acquisition transaction, Transpacific has entered into a three-year contract to acquire consumer debts from GE Money. It is anticipated that Transpacific will spend $60 million a year on this contract. Repcol recently reported a 35 per cent increase in annual revenue to $36.9 million and a 95 per cent increase in net profit to $6.1 million. The big profit increase reflected the benefits of its low-cost collection centre in Bangalore, India, which has allowed Repcol to reduce staffing in its Perth collection centre.


(existing subscribers)

The password field is case sensitive.
Request new password

Add your comment

BNIQ sponsored byECU School of Business and Law


6th-Australian Institute of Management WA20,000
7th-Murdoch University16,584
8th-South Regional TAFE10,549
9th-Central Regional TAFE10,000
10th-The University of Notre Dame Australia6,708
47 tertiary education & training providers ranked by total number of students in WA

Number of Employees

BNiQ Disclaimer