The Online Investor
Financial M&A image Financial M&A » By The Online Investor Staff, updated Sat., Apr. 17, 1:33 PM Recent mergers and acquisitions in the Financial M&A category.

Slide #86. Encore Capital Group Controlling Interest in Grove Capital Management

Acquirer: Encore Capital Group (NASDAQ:ECPG)
Acquiree: Controlling Interest in Grove Capital Management
Details: Encore Capital Group, Inc. (Encore), an international specialty finance company (NASDAQ: ECPG), today announced that it has closed its acquisition of a controlling stake in Grove Capital Management (Grove), a management company that purchases credit portfolios and has a focus on UK insolvencies and Spanish assets. The acquisition has received regulatory approval from the Financial Conduct Authority in the UK.

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

Financial M&A - Slide 86 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.