Glen Falls, NY ? Marlin Integrated Capital Holding Corporation?s InoVision-Medclr Portfolio Group, LLC, in conjunction with Cargill Value Investment, has made one of the largest single purchases of distressed consumer credit card debt in U.S. consumer debt history. The debt has a total balance of over $8.9 billion and represents an aggregated portfolio of approximately 1.5 million accounts from nearly every primary credit issuer in financial services.


?This acquisition demonstrates Marlin Integrated Capital Holding Corporation?s national leadership position in the debt management arena and makes Marlin one of the largest owners of consumer credit card, medical and utility debt in the United States,? said Warren Dedrick, chairman of Marlin Integrated Capital Holding.


?This transaction doubles the size of our portfolio to $18 billion,? said Martin Germanis, chief executive officer, Marlin Integrated Capital Holding. ?Since our launch in 1996, we have acquired $4 billion of written-off medical accounts receivable, $5 billion of written-off utility/consumer accounts receivable, and now — with this purchase of $9 billion of distressed credit card debt — have reached $18 billion of debt assets under management.?


Cargill Value Investment, a premier investor in credit-intensive portfolio transactions, teamed with Marlin on the purchase. ?Cargill Value Investment was an indispensable partner in this transaction,? added Germanis.


?This opportunity is a perfect example of the power of combining our respective expertise and long-term relationships,? said Gregg Haugen, senior vice president for Cargill Value Investment. ?Marlin is one of the elite players working with us that really understands this sector, and from whom we expect to see great things in the future.?


Jon Taxdahl, senior investment manager for Cargill Value Investment, added, ?We look forward to partnering with Marlin in the future as we continue to explore other possible transactions in the United States and globally.?


About Marlin Integrated Capital Holding Corporation
Marlin Integrated Capital Holding Corporation, through its subsidiaries (Marlin Integrated Capital LLC, MedClr, InoVision, CR Software, Marlin Capital Europe, Marlin Financial Services), operates in several lines of business, including purchasing of account receivables for the medical industry, utilities and others, as well as development of accounts receivable management system software in the United States, Mexico, Canada, and Europe. For more information, please visit www.marlinholdings.com.


About Cargill Value Investment
Cargill Value Investment (CVI) is widely recognized as one of the world?s leading investors in management- and credit-intensive assets, including corporate credit, loan portfolios and real estate. CVI has over 60 investment professionals working with approximately 100 administrative, tax and legal professionals in 10 offices across the globe and is a recognized international leader in value investing. CVI has invested over $1 billion in distressed consumer portfolios since 2001. More information is available at www.cargillvalueinvestment.com.


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