The Online Investor
Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Sun., Apr. 11, 8:51 AM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #26. Asta Funding, Inc. CBC Settlement Funding, LLC

Acquirer: Asta Funding, Inc. (ASFI)
Acquiree: CBC Settlement Funding, LLC
Details: Asta Funding, Inc. (Nasdaq:ASFI) (the "Company" or "Asta"), a financial services receivable asset management and liquidation company, today announced the acquisition of an 80% ownership interest in CBC Settlement Funding, LLC ("CBC"), a structured settlement financing company whose primary office is located in Conshohocken, Pennsylvania. On December 31, 2013, the Company, through a subsidiary acquired 100% of the ownership of CBC and its affiliate, CBC Management Services, LLC, for approximately $5.9 million. At the closing, the operating principals of CBC, namely William J. Skyrm, Esq. and James Goodman, were issued a 20% interest in CBC (10% to Mr. Skyrm, and 10% to Mr. Goodman). William J. Skyrm, Esq. and James Goodman, have over 30 years combined experience in the structured settlement industry.

Asta Funding is engaged in several business segments in the financial services industry including servicing of personal injury claims, through its wholly owned subsidiaries Sylvave LLC, Simia Capital, LLC and Arthur Funding LLC, social security disability advocacy through its wholly owned subsidiaries GAR Disability Advocates, LLC and Five Star Veterans Disability, LLC, and the business of purchasing, managing for its own account and servicing distressed charged off consumer receivables, including charged off receivables, and semi-performing receivables. Co. operates principally in the following segments: consumer receivables, social security disability advocacy and personal injury claims.

Open the ASFI Page at The Online Investor »

Company Name: 
Asta Funding, Inc.
Stock buyback: 
ASFI buyback
Website: 
www.astafunding.com
Sector: 
Credit Services & Lending
 

Open the ASFI Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Credit Services & Lending M&A - Slide 26 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.