Michael Flock
Chief Executive Officer at FLOCK Specialty Finance- Claim this Profile
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Bio
Experience
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FLOCK Specialty Finance
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United States
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Financial Services
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1 - 100 Employee
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Chief Executive Officer
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Jul 2013 - Present
100 Galleria Parkway, Atlanta, GA 30339 FLOCK Specialty Finance is a leading middle market specialty finance company funding companies that purchase charged off consumer debt portfolios and other subprime consumer performing portfolios. FLOCK is a lender for the charged off consumer debt buying industry and other complementary asset classes, including subprime performing auto, merchant cash advance, and litigation funding Key Accomplishments: Through 2017, over 500 portfolios were financed for 14 active clients since 2013 •… Show more FLOCK Specialty Finance is a leading middle market specialty finance company funding companies that purchase charged off consumer debt portfolios and other subprime consumer performing portfolios. FLOCK is a lender for the charged off consumer debt buying industry and other complementary asset classes, including subprime performing auto, merchant cash advance, and litigation funding Key Accomplishments: Through 2017, over 500 portfolios were financed for 14 active clients since 2013 • Annual deployments are growing at 28% CAGR • Projected future cashflow is growing at 40% CAGR • Cash receipts are growing at 48% CAGR • Launched creative branding programs, including the Capital Club Radio show, interviewing successful entrepreneurs in the middle market • Speaking engagements at industry conferences, and contributes numerous articles in leading industry publications Show less
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Founder & CEO
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2001 - 2013
Greater Atlanta Area M&A Advisory and consulting firm providing strategic and management services to companies in the credit and collections industry. Fund for debt buyers launched in 2009. Key accomplishments: Launched Falcon Fund, to finance middle market debt buyers, and deployed $15 million over four years, financing 200 consumer debt portfolios, selling interest to a small hedge fund • Signed multiple sell side and buy side M&A engagements. Closed several transactions including 2 management buyouts… Show more M&A Advisory and consulting firm providing strategic and management services to companies in the credit and collections industry. Fund for debt buyers launched in 2009. Key accomplishments: Launched Falcon Fund, to finance middle market debt buyers, and deployed $15 million over four years, financing 200 consumer debt portfolios, selling interest to a small hedge fund • Signed multiple sell side and buy side M&A engagements. Closed several transactions including 2 management buyouts through ESOP funding • Advised Croft & Bender, investment banking boutique, to lead the purchase and recapitalization of collections company for private equity fund • Retained by private equity group as Interim CEO of portfolio company with $10 million in revenues • Conducted overall assessment of the company, developed growth strategy and recruited new management team • Advised in the sale of a $300 million debt portfolio for a price of $90 million • Retained by private equity group to create and implement a strategy to build a new receivables management company by making multiple acquisitions in collections industry Show less
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Dun & Bradstreet
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United States
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Information Services
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700 & Above Employee
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President, D&B RMS and Asia, Pacific, Latin America and Canada
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May 1997 - Apr 2000
Murray Hill, NJ Key Accomplishments: Reduced losses by $10 million to breakeven on revenues of $110 million for APCLA • Total revenues grew from $95 M to $110 million • Achieved double digit revenue growth • Reengineered APCLA business strategy and organization to operate as global business, rather than as group of autonomous country units • Transformed country business model by pursuing partnerships, and outsourcing major functions enabling D&B to enter new markets quickly while saving millions in future… Show more Key Accomplishments: Reduced losses by $10 million to breakeven on revenues of $110 million for APCLA • Total revenues grew from $95 M to $110 million • Achieved double digit revenue growth • Reengineered APCLA business strategy and organization to operate as global business, rather than as group of autonomous country units • Transformed country business model by pursuing partnerships, and outsourcing major functions enabling D&B to enter new markets quickly while saving millions in future costs Show less
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Dun & Bradstreet
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United States
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Information Services
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700 & Above Employee
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President, U.S. Receivable Management Services, (RMS)
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1991 - 1996
Murray Hill, NJ Key Accomplishments: Achieved 20% revenue and income growth, reaching $80 million ($95 million run rate) through aggressive development of outsourcing business • Introduced information tools into receivables outsourcing process, improving margins by 30%, and contributing to 80% outsourcing revenue growth • Total RMS business grew from $42 million revenue, $5 million loss in 1993 to $95 million revenue run rate and $15 million income in 2000 with no acquisitions.
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The Receivable Management Services Corporation (RMS)
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Financial Services
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100 - 200 Employee
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Vice President
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1991 - 1992
Greater Atlanta Area
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Education
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University of Virginia
Bachelor's degree, HISTORY -
Fordham University
Master of Business Administration - MBA, Accounting and Finance -
Science Po Paris
Attended, International Relations and Affairs