Credit Services & Lending M&A » By The Online Investor Staff, updated Fri., Apr. 19, 4:52 AM
Recent mergers and acquisitions in the Credit Services & Lending M&A category.
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Slide #18. Portfolio Recovery Associates, Inc. — UK IVA Platform From Pamplona Capital Management
Acquirer:
Portfolio Recovery Associates, Inc. (NASDAQ:PRAA)
Acquiree:
UK IVA Platform From Pamplona Capital Management
Details:
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 main 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 originators and/or other third-party collection agencies have been unsuccessful in collecting the 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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Avg. Broker Rec.
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Buy (3.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: PRAA Stock Forecast Based on Zacks ABR data; powered by Xignite |
