Debt Buyer RAzOR Capital Announces Sale of Minority Interest to Investors

RAzOR Capital, LLC has completed a private sale of equity to investment partners. The sale is for an undisclosed minority interest in Razor capital, LLC.

The investment group will also finance a substantial new line of credit for RAzOR Capital that will be used to purchase distressed consumer receivables in 2012 and beyond.

RAzOR President Robert Johnsons states ,“RAzOR has had three plus years of successful debt buying and servicing of accounts and we are excited about the future for RAzOR with our new partners.”

RAzOR CEO Chris Winkler remarked, “The investment group that is investing in RAzOR has shown confidence in our business model and will embark on our new journey with us now going forward. RAzOR continues to be diligent with our business while pressing forward to build long-term company value in the debt market.”

Financial terms of the deal are confidential.

Based in Bloomington, Minn., RAzOR Capital is a nation-wide buyer, seller, and broker of delinquent consumer account receivables.