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Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Sat., Apr. 17, 8:36 AM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #53. Encore Capital Group, Inc. Controlling Stake in Cabot Credit Management

Acquirer: Encore Capital Group, Inc. (NASDAQ:ECPG)
Acquiree: Controlling Stake in Cabot Credit Management
Details: Encore Capital Group, Inc. (NASDAQ: ECPG), a leading U.S. debt management and recovery company, announced today that it has closed its acquisition of 50.1% of the equity interest in Janus Holdings Luxembourg S.a.r.l. ("Janus Holdings"), an indirect holding company of U.K. and Ireland-based Cabot Credit Management Limited ("CCM"). The remaining 49.9% of Janus Holdings is held by a fund advised by J.C. Flowers & Co. LLC ("J.C. Flowers"). The transaction was originally announced on May 30, 2013.

Encore Capital Group is an international specialty finance company providing debt recovery solutions and other related services for consumers across a range of financial assets. Co. primarily purchases portfolios of defaulted consumer receivables at deep discounts to face value and manages them by working with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers' unpaid financial obligations to credit originators, including banks, credit unions, consumer finance companies and commercial retailers. Co. also provides debt servicing and other portfolio management services to credit originators for non-performing loans.

ECPG SEC Filing Email Alerts Service


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Company Name: 
Encore Capital Group Inc
Stock buyback: 
ECPG buyback
Website: 
www.encorecapital.com
Sector: 
Credit Services & Lending
Number of ETFs Holding ECPG: 
44
Total Market Value Held by ETFs: 
$281.51M
Total Market Capitalization: 
$1.19B
% of Market Cap. Held by ETFs: 
23.58%
 

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Buy (3.20 out of 4)
39th percentile
(ranked lower than approx. 61% of all stocks covered)

Analysts' Target Price:
ECPG Stock Forecast

Based on Zacks ABR data;
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