The Online Investor
Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Sun., Apr. 18, 3:47 AM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #62. 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., a leading U.S. debt management and recovery company (NASDAQ: ECPG), today announced an agreement to purchase 50.1 percent of the equity interest in Cabot Credit Management (CCM), held by funds advised by J.C. Flowers & Co. LLC ("J.C. Flowers & Co."), for 128 million (approximately $192 million). Encore has the option to purchase the remaining company interest during the period from the fourth anniversary to the sixth anniversary of closing. The transaction is expected to close in the third quarter.

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


Open the ECPG Page at The Online Investor »

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%
 

Open the ECPG Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



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;
powered by Xignite

Credit Services & Lending M&A - Slide 62 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.