PRA Group - M&A Summary and Business Overview

Financial ServicesCompany

PRA Group M&A Summary

PRA Group has acquired 10 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 4 assets.

PRA Group’s largest acquisition to date was in 2014, when it acquired Aktiv Kapital AS for $880M. PRA Group has acquired in 5 different US states, and 5 countries. The Company’s most targeted sectors include business services (60%) and financial services (30%).

PRA Group Business Overview

Where is PRA Group headquartered?

PRA Group is headquartered in Norfolk, Virginia.

What is PRA Group’s revenue?

PRA Group disclosed revenue of 815M USD for 2023 and 967M USD for 2022.

How many employees does PRA Group have?

PRA Group has 3,119 employees.

What sector is PRA Group in?

PRA Group is a financial services company.

When was PRA Group founded?

PRA Group was founded in 1996.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity10
    • M&A Sell Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 5
  • M&A Advisors 2

PRA Group

PRA Group, Inc.

120 Corporate Boulevard,
Norfolk, Virginia 23502
United States,
(888) 772-7326
www.pragroup.com

PRA Group is a financial services company. PRA's primary business focuses upon the acquisition, collection, and processing of both unpaid and normal-course accounts receivable originally owed to credit grantors, governments, retailers and others. PRA Group was founded in 1996 and is based in Norfolk, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 10 - - - - - 10
vol $1.1B $1.1B
Sell (0.0/yr) # 4 - - - - - 4
  14

Most Recent M&A

Company Date Value Type
Resurgent Capital Services - Canadian Business 2019-03-04 - Divestiture
, Ontario
MuniServices LLC 2017-01-26 - Divestiture
Fresno, California · www.muniservices.com
eGov Systems LLC 2017-01-26 - Divestiture
Baton Rouge, Louisiana · www.egovsystems.com
Broussard Partners & Associates, Inc. 2017-01-26 - Divestiture
Houston, Texas · www.broussardpa.com
Avenu Insights & Analytics LLC 2017-01-24 - Divestiture
Centreville, Virginia · www.avenuinsights.com
eGov Systems LLC 2016-07-07 - Add-on Acquisition
Baton Rouge, Louisiana · www.egovsystems.com
DTP S.A. 2016-04-27 46M PLN Add-on Acquisition
Warsaw, Poland · www.dtpartners.pl
Aktiv Kapital AS 2014-07-16 880M USD Add-on Acquisition
Oslo, Norway · www.aktivkapital.com
PCM's IVA Master Servicing Platform 2014-02-04 - Add-on Acquisition
, United Kingdom
Mackenzie Hall Holdings Ltd. 2013-01-22 52M GBP Add-on Acquisition
London, United Kingdom · www.mackenziehallgroup.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 6 (60%) 191M (17%) 2 (50%) -
Financial Services 3 (30%) 926M (83%) - -
Internet Software and Services 1 (10%) - 1 (25%) -
Software - - 1 (25%) -
Total 10 $1.1B 4 -

By Geo

State/Country Buy Value Sell Value
United States 5 140M 4 -
  Texas 1 - 1 -
  Louisiana 1 - 1 -
  California 1 25M 1 -
  Pennsylvania 1 - - -
  Virginia - - 1 -
United Kingdom 2 52M - -
Canada 1 - - -
  Ontario 1 - - -
Norway 1 880M - -
Poland 1 46M - -
Domestic 5 (50%) 140M (13%) 4 (100%) -
Cross-border 5 (50%) 978M (87%) - -
Total 10 $1.1B 4 -

Top M&A Advisors

Financial Deals
Lazard Middle Market
 3
Deutsche Bank Corporate & Investment Banking
 1

Deal Values

buy # Total
$100M to $1B 2 $995M
< $100M 3 $123M
TOTAL $1.1B
Largest Aktiv Kapital AS
$880M (2014-07-16)

M&A Connections

Deals
Acquired from
Investor(s)
10%
1 (10%)
Strategic(s)
20%
2 (20%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

Company Summary

SECTOR

Financial Services

Revenue

815   16% 2023
967   12% 2022
1,096   3% 2021
1,065   8% 2020
993   14% 2019
875   8% 2018
814   3% 2017
831   12% 2016
942   7% 2015
881   20% 2014
735   25% 2013
592   2012
(millions of USD) Show More Show Less

Employees

3,119

Established

1996

Public

NASDAQ: PRAA

Former Name

Portfolio Recovery Associates, Inc.

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