Corporate Advisory Solutions, LLC (“CAS”) is pleased to announce the completed transaction involving the sale of Altisource Portfolio Solutions S.A.’s Financial Services business (“Altisource”) to Transworld Systems Inc. (“TSI”). The Financial Services business provides outsourced call center, accounts receivable management and mortgage charge-off collection services to leading clients within the financial services, insurance, hospitality, utility and retail credit industries. The transaction was completed on July 1, 2019. CAS represented Altisource in this transaction.
According to Mark Russell, Managing Partner of Corporate Advisory Solutions, “This corporate divestiture allows Altisource to focus more on its core business, while enabling TSI to expand meaningfully in the outsourced business services (OBS) sector. We at CAS are excited to have participated in this engagement.”
Read the full press release here.