Martin Dunphy sells 20% stake in London debt-purchasing firm

Monday 10 February 2014 18.28
Marlin Financial Group specialises in the acquisition of consumer debt
Marlin Financial Group specialises in the acquisition of consumer debt

Irish businessman Martin Dunphy has sold his stake in London-based Marlin Financial Group, which he founded over a decade ago.

Mr Dunphy had held a 20% stake in the firm following a 2010 investment by Duke Street, which saw the private equity firm take a 58% stake in the company for £12.5 million.

The two parties have now sold their combined 78% stake in the company, which specialises in the purchase of non-performing consumer debt, for £295 million.

The shares were sold to Cabot Credit Management, a British debt collection company.

Martin Dunphy, originally from Co Waterford, created Marlin Financial Group in 2002.