BP Law Group Acquires Civil Demand Associates, Inc.

Civil Demand Associates, Inc., the oldest established civil recovery firm, is acquired by BP Law Group, LLP, to foster growth in loss mitigation 

(Irvine, California – February 12, 2015)  On February 10, 2015, BP Law Group, LLP acquired Civil Demand Associates, Inc. (“CDA”), founded in 1987, the oldest, established civil recovery company. CDA, a pioneer in its industry, was formed to service the retail loss prevention community’s growing concerns about deterring shoplifting and employee dishonesty.

Over the past 26 years CDA has grown to establish itself as the premier loss prevention recovery agency, providing excellence in the fields of Civil Demand & Restitution. CDA’s mission is to provide outstanding service to its clients in civil recovery; ensure their service is responsive, accurate, and ethical; to enable the industry partnerships to assist clients in managing their loss prevention and recovery programs; foster a great working environment, create technologies that make their services more efficient and accessible; and most of all, to put clients first. CDA’s philosophy is to anticipate their clients’ needs in the retail loss prevention community and to prepare to facilitate change and to effectively communicate any changes or updates in civil collection laws and challenges.

CDA was attained in an acquisition with BP Law Group, LLP. BP Law Group, LLP, founded in 2012 with its flagship office in Irvine, California, is an integral part of its parent company, Pluto Sama, LLC.  BP Law Group, LLP is a nationwide law firm dedicated to the liquidation of asset backed loans, nonperforming commercial and residential loans, mortgages and deeds of trust, and other real estate finance instruments. BP Law Group, LLP clients are owners of large portfolios of distressed commercial and residential real estate, who sought a one-stop solution to liquidate and monetize their portfolios. One of BP Law Group, LLP’s largest clients is its affiliate asset management company, Distressed Capital Management, LLC. BP Law Group, LLP shares the U.S. domestic Pluto Sama office network with 20 offices in the United States and is able to collect debt in over 46 U.S. States. BP Law Group, LLP holds a state-of-the-art 33 seat call center to institute and maintain loss litigation strategies with commercial and residential property owners and will use this call center to support CDA activities.

CDA, as a pioneer and first in its field, has paved the way for many milestones in its industry. CDA has been the first to specialize in retail theft cases,  accept electronic transmission,   offer online case management,  offer automated court restitution collections and  “on the spot demand.” In addition, they are the first to offer civil collections on vendor fraud and employee procurement,    collections on external cases,   court ordered restitution, promissory note collection(s) on dishonest employee cases, and   automated the letter generation process.

Matthew Browndorf, Chairman of Pluto Sama, LLC, communicated, “The compliance standard required from companies like CDA is impossible to achieve without allowing for economies of scale. The CDA/BP Law Group merger will result in clients feeling confident in our compliance standard by allowing to spread compliance costs across several companies.”

The new CDA will continue to operate as before with Frank Luciano at the helm, CDA’s current President/Chief Executive Officer, in CDA’s new location in Irvine, California. CDA, now a part of BP Law Group, LLP’s network can use BP Law Group, LLP’s resources to foster aggressive growth and expansion in its industry. CDA fit exactly in line with what BP Law Group, LLP is doing and together with BP Law Group, LLP, CDA can grow expediently.

Prior to this merger CDA had the knowledge and client demand. Now, with the merger and acquisition of CDA with BP Law Group, LLP, CDA will have the network and power to fulfill its industry demands. CDA, now a wholly owned subsidiary of BP Law Group, LLP, will continue to serve the community with collection services, but the offering will be expanded.

“We are extremely excited about our new partnership with BP Law. Because of their dedication to offering better solution to civil collections, together the retail client can expect a wider range of options,” says Frank Luciano, President of the new CDA.

With the added resources of BP Law Group, LLP and its network dedicated to the recovery process CDA clients can expect a higher rate of return while experiencing lower rate charges. For existing CDA clients the new approach will be contained in a video, which if they have not already seen they will soon.

­­­­­­­­­­­­­­­­­­­­­­­“CDA has a strong reputation in the industry for high quality service, making it an excellent fit with BP Law Group, LLP.  We are confident that the additional resources provided by the team of attorneys and legal professionals within BP Law Group and its network partners will strengthen and enhance CDA as we continue to build one of the leading collection companies” says Daniel Singer, Managing Partner of BP Law Group.

The industry should see real change very soon as things move more toward a focus solely on collections.

For further information about CDA please contact Frank Luciano at 818-787-9979 or by email at frank@civildemand.net.

For further information about BP Law Group, LLP please visit: http://bplawgroup.com/. To learn more about Pluto Sama, LLC and to see Pluto Sama, LLC’s complete portfolio, please visit: http://plutossama.com/.

Rusama Limited, LLC Attends 4th Annual Kurdistan-Iraq Oil and Gas Conference

Rusama Limited, LLC Attends 4th Annual Kurdistan-Iraq Oil and Gas Conference

(New York, New York – December 7, 2014)  December 16-18, 2014, marks the 4th annual Kurdistan-Iraq Oil and Gas Conference supported by the Kurdistan Regional Government (the “Conference”). Rusama Limited, LLC (“Rusama”), a subsidiary of Plutos Sama, LLC, a Delaware Limited Liability Company, is in attendance of the Conference, among H.E. Nechirvan Barzani, Prime Minister of Kurdistan, Kurdistan Regional Government of Iraqi Kurdistan; H.E. Dr. Rowsch N. Shaways, Deputy Prime Minister, Federal Government of Iraq; H.E. Dr. Ashti Hawrami, Minister of Natural Resources, Kurdistan Regional Government-Iraq; H.E. Falah Mustafa Bakir, Head of the Department of Foreign Relations, Kurdistan Regional Government, Iraq, to name just a few of the influential Conference speakers. For a complete list of the 2014 Kurdistan-Iraq Oil and Gas Conference speakers go to http://www.cwckiog.com/2014-conference/speakers/.

Rusama’s attendance is fueled by discussions of potential oil ventures and future business in petroleum products. Rusama attended the Conference to connect with top leaders in the Oil & Gas industry to ignite potential future business. Rusama is represented in the U.S. and London by its affiliate law firm, Wilson Harvey Browndorf, LLP (www.whpllp.com).

December 16, 2014, the day before the Conference commenced, encompassed legal workshops regarding the Iraqi Legal Framework for Oil & Gas and Overview of Key issues under Iraqi Law, Fiscal Terms in Iraq’s Petroleum Contract, Iraq’s Petroleum Contracts, Iraqi Tax Regime, and Upstream Mergers and Acquisitions in Iraq and Kurdistan. Additionally, on December 16, 2014 technical workshops were held encompassing Oil Field Services, Requirements for Oil Fields, Introduction to Oil & Gas Solutions, and Recruitment for the Oil & Gas Industry Operations.

December 17, 2014, the first day of the Conference, presented Ministerial Keynote speeches, Kurdistan’s Vison for 2015 Expansion, Enhancing Upstream Infrastructure Development Projects, and Accelerating the Future of the Oil & Gas Assets & Projects.

December 18, 2014, the last day of the 2014 Kurdistan-Iraq Oil and Gas Conference presents Keynote speeches, Natural Gas Utilization to Fuel the Energy Expansion, Financial Opportunities: Evaluating the Role of Strategic Investors in the Region, Strategic Investments in Local Capability to Create Sustainability, and Concluding Ministerial Panel: Local Content in the Region: Accelerating the Plans for Economic Development in all Sectors in the Region.  For the complete Conference schedule go to http://www.cwckiog.com/conference-programme/.

 

About Rusama Limited, LLC

RUSAMA LIMITED, LLC is a dedicated crude oil trading company, facilitating purchases & sales of petroleum products across the globe. A subsidiary of Plutos Sama, LLC, a California Limited Liability Company, Rusama Limited is represented in the U.S. and London by its affiliate law firm, Wilson Harvey Browndorf, LLP (www.wkbllp.com). Wilson Harvey Browndorf handles all of the legal and transactional due diligence, purchase and sales terms.

Distressed Capital Management Appoints Member to Executive Team

DCM Strengthens Its Team With New Hire Rod Colombi

IRVINE, Calif.–(September 5, 2014)–Distressed Capital Management (“DCM”), a Southern California based captive asset manager, announced last month Rod Colombi as its Managing Director.

Mr. Colombi has joined the DCM team from Capital Solutions Financial Group (“CSFG”), where he served as Chief Executive Officer. He brings more than 20 years of high level experience in corporate finance and capital markets in the mortgage industry. Prior to CSFG, he served as Executive Vice President of Option One Mortgage, Executive Vice President of New Century Financial, Senior Vice President of Countrywide Financial, and Vice President of Finance at Bank of America.

In his role at DCM, Mr. Colombi will bring his extensive knowledge in mortgage and finance to strengthen DCM’s operations and support the entire asset management team and its trading and portfolio management activities. “Rod brings the experience as well as a unique big picture perspective that will strengthen DCM, and bring us to the next level in asset management,” says Chief Investment Officer Matthew Browndorf. “Rod’s unique approach to finance, debt, and the mortgage industry is homologous to the kind of innovative thinking that sets DCM apart from the rest and is the reason we believe he is a perfect fit.”

Colombi is working in DCM’s headquarters in Irvine, CA.

Distressed Capital Management Appoints Member to Executive Team

IRVINE, Calif.–(BUSINESS WIRE)–Distressed Capital Management (“DCM”), a Southern California based captive asset manager, announced last month Rod Colombi as its Managing Director.

Mr. Colombi has joined the DCM team from Capital Solutions Financial Group (“CSFG”), where he served as Chief Executive Officer. He brings more than 20 years of high level experience in corporate finance and capital markets in the mortgage industry. Prior to CSFG, he served as Executive Vice President of Option One Mortgage, Executive Vice President of New Century Financial, Senior Vice President of Countrywide Financial, and Vice President of Finance at Bank of America.

In his role at DCM, Mr. Colombi will bring his extensive knowledge in mortgage and finance to strengthen DCM’s operations and support the entire asset management team and its trading and portfolio management activities. “Rod brings the experience as well as a unique big picture perspective that will strengthen DCM, and bring us to the next level in asset management,” says Chief Investment Officer Matthew Browndorf. “Rod’s unique approach to finance, debt, and the mortgage industry is homologous to the kind of innovative thinking that sets DCM apart from the rest and is the reason we believe he is a perfect fit.”

Colombi is working in DCM’s headquarters in Irvine, CA.

Distressed Capital Management, LLC secures partnership with large residential construction company

Emerging Irvine Asset Manager Announces Major Asset Management Agreement

Distressed Capital Management, LLC (“DCM”) is pleased to announce the results of its asset management agreement with a reputed residential real estate construction and investment company (the “Company”) totaling over $180m in AUM. The Company is a vertically integrated real estate business—buying, renovating, building and selling residential real estate nationally as well as managing and maintaining its real estate portfolio acquisition to sale.

DCM, an asset manager that focuses on Non Performing Residential and commercial Loans, is a captive asset manager to Plutos Sama, LLC, the same holding group that owns BP Law Group, LLP, a national loss mitigation and foreclosure law firm. Chief Investment Officer, Matthew Browndorf, said, “We see our new client as the perfect strategic partner to launch DCM. A homebuilding, residential real estate and construction company with over 700 employees nationwide, this client brings decades of experience in development, real estate management, real estate strategy, building, renovating and construction while DCM can focus on its asset management and loss mitigation strategies.”

The asset management agreement had several components including DCM taking over a legacy portfolio of $60m in unpaid balance (UPB) as well as a $120m mandate on future acquisitions. Additionally, the parties have agreed to take approximately $45m of their annual spend and enter into joint special purpose vehicles with DCM with set hurdle rates and defined strategies leveraging the expertise of DCMs team. DCM started bidding on trades on June 24th and has actively bid 19 trades in their first month of operating for the Company.

Pelican Point Capital Partners, LLC, an advisor to DCM, developed the strategic partnership between the Company and DCM. Further Shad Quraishi, Pelican’s co-founder and co-CEO sits on the investment committee of the joint special purpose vehicles lending 20 years worth of mortgage, finance and real estate knowledge at Bank of America and UBS investment banks where he held global head positions in various asset backed finance businesses.

Pelican Point Capital Partners, LLC, provides merchant banking services via its global presence of partners and advisors across various industry sectors. The firm seeks to invest in, develop strategic partnerships for and finance its partners so Pelican can be aligned with their growth and success. Please visit their website for further information at www.PelicanPointCapital.com

Emerging Irvine Asset Manager Announces Major Asset Management Agreement

Distressed Capital Management, LLC secures partnership with large residential construction company.

 

IRVINE, CA (BUSINESS WIRE) – Distressed Capital Management, LLC (“DCM”) is pleased to announce the results of its asset management agreement with a reputed residential real estate construction and investment company (the “Company”) totaling over $180m in AUM.  The Company is a vertically integrated real estate business—buying, renovating, building and selling residential real estate nationally as well as managing and maintaining its real estate portfolio acquisition to sale.

DCM, an asset manager that focuses on Non Performing Residential and commercial Loans, is a captive asset manager to Plutos Sama, LLC, the same holding group that owns BP Law Group, LLP, a national loss mitigation and foreclosure law firm. Chief Investment Officer, Matthew Browndorf, said, “We see our new client as the perfect strategic partner to launch DCM.  A homebuilding, residential real estate and construction company with over 700 employees nationwide, this client brings decades of experience in development, real estate management, real estate strategy, building, renovating and construction while DCM can focus on its asset management and loss mitigation strategies.”

The asset management agreement had several components including DCM taking over a legacy portfolio of $60m in unpaid balance (UPB) as well as a $120m mandate on future acquisitions.  Additionally, the parties have agreed to take approximately $45m of their annual spend and enter into joint special purpose vehicles with DCM with set hurdle rates and defined strategies leveraging the expertise of DCMs team.  DCM started bidding on trades on June 24th and has actively bid 19 trades in their first month of operating for the Company.

Pelican Point Capital Partners, LLC, an advisor to DCM, developed the strategic partnership between the Company and DCM.  Further Shad Quraishi, Pelican’s co-founder and co-CEO sits on the investment committee of the joint special purpose vehicles lending 20 years worth of mortgage, finance and real estate knowledge at Bank of America and UBS investment banks where he held global head positions in various asset backed finance businesses.

Pelican Point Capital Partners, LLC, provides merchant banking services via its global presence of partners and advisors across various industry sectors.   The firm seeks to invest in, develop strategic partnerships for and finance its partners so Pelican can be aligned with their growth and success.  Please visit their website for further information at www.PelicanPointCapital.com

 

About Distressed Capital Management, LLC

DCM was formed in January 2012 by a team of lawyers and mortgage banking professionals in Irvine, California with a vision to revolutionize the non-performing whole loan space by integrating technology and an elite nationwide legal network with a seasoned team of distressed whole loan asset managers.

 

About Pelican Point Capital Partners, LLC

Pelican Point Capital is a merchant bank providing direct investment & co-investment, capital advisory & introduction, bridge financing, as well as debt and equity investment. Our partners range in size from post-seed to mature enterprises in our 12 focus sectors that operate in numerous markets around the globe. Further information on Pelican Point Capital, its partners and advisory committee including bios for each, can be found at the Pelican Point Capital Partners website, please visit www.pelicanpointcapital.com.

 

About BP Law Group, LLP

In an economic climate where individuals continue to default on mortgages, credit cards, loans and other financial obligations, BP Law Group has proven processes to help clients recover overdue balances as quickly and effectively as possible. With hubs in California, Texas and New York, the firm provides debt collection and a wide range of other legal services from offices around the world. The firm’s geographic diversity and extensive investments in technology enable its high-caliber professionals to efficiently cater to clients in the world’s leading business and financial markets. For more information, please visit www.bplawgroup.com.