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Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Sun., Apr. 18, 4:18 AM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #68. Encore Capital Group, Inc. Asset Acceptance Capital Corp.

Acquirer: Encore Capital Group, Inc. (ECPG)
Acquiree: Asset Acceptance Capital Corp. (AACC)
Details: Encore Capital Group, Inc. (Nasdaq: ECPG) and Asset Acceptance Capital Corp. (Nasdaq: AACC) today announced that Encore has entered into an agreement to acquire Asset Acceptance Capital Corp. Based in Warren, Michigan, Asset Acceptance has decades of experience in buying consumer receivables across a broad range of asset classes, as well as a tenured workforce. Combined, Encore and Asset Acceptance have purchased over 60 million individual consumer accounts, including credit card, telecommunications, consumer loans and other related assets, with a face value of over $130 billion.

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 »

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 AACC 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%
Company Name: 
Asset Acceptance Capital Corp
Website: 
www.assetacceptance.com
Sector: 
Business Services & Equipment
 

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