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Financial M&A image Financial M&A » By The Online Investor Staff, updated Thu., Jun. 30, 3:46 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 discounts to face value and manage 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. Defaulted receivables may also include receivables subject to bankruptcy proceedings. Co. also provides debt servicing and other portfolio management services to credit originators for non-performing loans in Europe.

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Company Name: 
Encore Capital Group Inc
Stock buyback: 
ECPG buyback
Credit Services & Lending
Number of ETFs Holding ECPG: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Buy (3.33 out of 4)
37th percentile
(ranked lower than approx. 63% of all stocks covered)

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Financial M&A - Slide 86 of 100 Page |

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