Encore Mergers and Acquisitions Summary

Financial Services Company

Encore has acquired 8 companies. A total of 4 acquisitions came from private equity firms. It has also divested 2 assets.

Encore’s largest acquisition to date was in 2013, when it acquired Asset Acceptance Capital for $200M. It’s largest disclosed sale occurred in 2019, when it sold Baycorp Pty to Credit Corp Group Limited for $46M. Encore has acquired in 3 different US states, and 4 countries. The Company’s most targeted sectors include financial services (100%).

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M&A Summary

  • M&A Total Activity9
    • M&A Buy Activity7
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 8
  • M&A Advisors 3

Encore Capital Group, Inc. (Encore)

350 Camino De La Reina Suite 100,
San Diego, California 92108
United States,
(877) 445-4581
www.encorecapital.com

Encore is a purchaser and manager of charged-off consumer receivable portfolios. Through its wholly owned subsidiary Ascension Capital Group, Inc., Encore also is a provider of bankruptcy services to the finance industry. Encore acquires receivable portfolios at deep discounts from their face values using a proprietary valuation process that is based upon an analysis of the individual consumer attributes of the underlying accounts. Based upon Encore's ongoing analysis of these accounts, the Company employs a mix of collection strategies to maximize its return on investment. The receivable portfolios Encore purchases consist primarily of unsecured, charged-off domestic consumer credit card, auto loan deficiency and telecom receivables purchased from national financial institutions, major retail credit corporations, telecom companies and resellers of such portfolios. Encore was formed in 1999 and is based in San Diego, California.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.0/yr) # 7 - - - - - 7
vol $514M $514M
Sell (0.2/yr) # 1 - - 1 - - 2
vol $16M $46M $62M
  9

Most Recent M&A

Company Date Value Type
Baycorp (Aust) Pty Ltd. 2019-08-16 46M AUD Divestiture
Parramatta, Australia · www.baycorp.com.au
Baycorp (Aust) Pty Ltd. 2015-09-28 - Add-on Acquisition
Parramatta, Australia · www.baycorp.com.au
Atlantic Credit & Finance, Inc. 2014-08-07 126M USD Add-on Acquisition
Roanoke, Virginia · www.atlanticcreditfinance.com
Grove Capital Management 2014-04-01 - Stake Purchase
Houston, Texas
Refinancia S.A. 2013-12-31 - Add-on Acquisition
Bogota,, Colombia · www.refinancia-sa.com
Purepromoter Ltd. 2013-07-08 16M GBP Secondary Buyout
Brighton, United Kingdom · www.pure360.com
Asset Acceptance Capital Corp. 2013-06-13 200M USD Add-on Acquisition
Warren, Michigan · www.assetacceptance.com
Cabot Credit Management Ltd. 2013-05-15 - Divestiture
West Malling, United Kingdom · www.cabotcm.com
Propel Financial Services LLC 2012-05-08 188M USD Add-on Acquisition
San Antonio, Texas · www.propelfinancialservices.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 7 (100%) 514M (100%) 1 (50%) 46M (74%)
Marketing - - 1 (50%) 16M (26%)
Total 7 $514M 2 $62M

By Geo

State/Country Buy Value Sell Value
United States 4 514M - -
  Texas 2 188M - -
  Virginia 1 126M - -
  Michigan 1 200M - -
Australia 1 - 1 46M
United Kingdom 1 - 1 16M
Colombia 1 - - -
Domestic 4 (57%) 514M (100%) - -
Cross-border 3 (43%) - 2 (100%) 62M (100%)
Total 7 $514M 2 $62M

Top M&A Advisors

Financial Deals
Morgan Stanley
1
SunTrust Robinson Humphrey, Inc.
1
Legal Deals
TLT LLP
1

Deal Values

buy # Total
$100M to $1B 3 $514M
TOTAL $514M
Largest Asset Acceptance Capital Corp.
$200M (2013-06-13)
sell # Total
< $100M 2 $62M
TOTAL $62M
Largest Baycorp (Aust) Pty Ltd.
$46M (2019-08-16)

M&A Connections

Deals
Acquired from
Investor(s)
43%
3 (43%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

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