Javlin Capital Enters Relationship with Galaxy Asset Purchasing for Charged-off Receivables

Javlin Capital LLC (“Javlin”) has entered into a financing and investing relationship with Atlanta-based Galaxy Asset Purchasing, LLC (“Galaxy”) to provide Galaxy with an integrated facility of debt and equity to finance Galaxy’s purchases of charged-off consumer receivables.

The facility positions Galaxy to significantly ramp up its purchasing activity going forward.  In the past few years, Galaxy has made substantial inroads developing its business as a master-servicer on behalf of third-party owners who rely on Galaxy’s expertise to manage a network of outside agencies and law firms to maximize the value of their assets. During that time Galaxy has developed state-of-the-art capabilities in analytics, portfolio management, and reporting.

Tye Hanna, CEO and president of Galaxy, welcomed the partnership with Javlin.  “Javlin’s focus on analytics and operations is a perfect fit for Galaxy,” said Mr. Hanna.  “The combination of our teams will enable Galaxy to aggressively pursue significant purchase opportunities that come to market in the next several years.”

Rob Johnson, CEO of Javlin, noted how the agreement between Javlin and Galaxy reunites business principals who have successfully worked together in the past. In 2004, Messrs. Johnson and Hanna led their respective teams when West Corporation acquired Worldwide Asset Management. “Tye and his team are remarkable leaders in the debt buying industry,” Mr. Johnson said. “This agreement underscores the partnership approach that Javlin brings to all of its financing relationships.”

Javlin Capital LLC provides capital to acquire service intensive financial assets. For debt buyers, Javlin provides integrated portfolio finance that is flexible, reliable and cost efficient, leveraging an extensive origination network and a flexible, data intensive and operationally focused underwriting platform. Javlin’s partnership approach and expertise in operations and corporate development deliver value to debt buyers beyond the capital it provides.

Galaxy Asset Purchasing, LLC is a leading buyer and master-servicer in the debt purchasing industry.  Galaxy’s management team has worked together for the past 10 years, including at Worldwide Asset Management before its acquisition by West Corporation in 2004. Galaxy has the expertise to value, acquire and manage the collections of charged-off consumer assets of every type and age.