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Slide #18. Portfolio Recovery Associates, Inc. — UK IVA Platform From Pamplona Capital Management
Portfolio Recovery Associates, Inc. (NASDAQ:PRAA)
UK IVA Platform From Pamplona Capital Management
Portfolio Recovery Associates, Inc. (Nasdaq:PRAA), a financial and business services company operating in the U.S. and U.K., today announced the acquisition of certain operating assets from Pamplona Capital Management, LLP (PCM).
PRA Group is a financial and business services company with operations in the Americas, Europe, and Australia. Co.'s business is the purchase, collection and management of portfolios of nonperforming loans. Co. purchases portfolios of nonperforming loans in two categories: Core, which focuses on purchasing and collecting nonperforming loans, which it purchased since either the credit grantor and/or other third-party collection agencies have been unsuccessful in collecting the full balance owed; and Insolvency, which consists of purchasing and collecting on nonperforming loan accounts where the customer is involved in a bankruptcy proceeding or the equivalent in some European countries.
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Buy (3.17 out of 4)