Investment Summary

Encore Invests In Cabot Credit Management

On May 9, 2018, Encore invested in financial services company Cabot Credit Management from J.C. Flowers and Encore

Investment Highlights
  • This is Encore’s 8th transaction in the Financial Services sector.
  • This is Encore’s 2nd transaction in the United Kingdom.

Investment Summary

Date 2018-05-09
Target Cabot Credit Management
Sector Financial Services
Investor(s) Encore
Sellers(s) J.C. Flowers
Encore
Deal Type Stake Purchase

Target

Cabot Credit Management

West Malling, United Kingdom
Cabot Credit Management is a provider of acquirer and manager of consumer debt. Cabot Credit Management was founded in 2011 and is based in West Malling, United Kingdom.

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Investor(S) 1

Investor

Encore

San Diego, California, United States

Category Company
Founded 1999
Sector Financial Services
Employees7,400
Revenue 1.2B USD (2023)
DESCRIPTION
Entrance to Encore Capital Group's corporate headquarters in San Diego, California.
Entrance to Encore Capital Group's corporate headquarters in San Diego, California.

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 Encore was founded in 1999 and is based in San Diego, California.


DEAL STATS #
Overall 8 of 8
Sector (Financial Services) 8 of 8
Type (Stake Purchase) 2 of 2
Country (United Kingdom) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-28 Baycorp Pty

Parramatta, Australia

Baycorp (Aust) Pty Ltd. is a large and well-established debt purchasing and debt collection operator across Australia and New Zealand. Baycorp (Aust) Pty Ltd. assets comprise a sizeable purchased debt ledger (PDL) book, a PDL collection platform and agency collection businesses in Australia and New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 Baycorp Pty

Parramatta, Australia

Baycorp (Aust) Pty Ltd. is a large and well-established debt purchasing and debt collection operator across Australia and New Zealand. Baycorp (Aust) Pty Ltd. assets comprise a sizeable purchased debt ledger (PDL) book, a PDL collection platform and agency collection businesses in Australia and New Zealand.

Sell AU$65M

Seller(S) 2

SELLER

J.C. Flowers

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

JC Flowers is a specialist private equity firm that targets investments in the financial services sector. JC Flowers looks for distressed opportunities in North America, Western Europe, and Asia. JC Flowers was formed in 1998 and is based in New York City with an additional office in London.


DEAL STATS #
Overall 7 of 17
Sector (Financial Services) 4 of 10
Type (Stake Purchase) 1 of 1
Country (United Kingdom) 2 of 5
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-26 Jefferson Capital

St. Cloud, Minnesota, United States

Jefferson Capital is a provider of traditional and unique recovery services for consumer charged-off accounts. Jefferson Capital’s growing client base includes Fortune 500 creditors, banks, telecommunications providers, credit card issuers, private student loan originators, and auto finance companies. Jefferson Capital was founded in 2002 and is based in St. Cloud, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-10 Kent Reliance Banking Services

Chatham, United Kingdom

Kent Reliance Banking Services is a British banking firm. Kent Reliance Banking Services is based in Chatam, United Kingdom.

Sell -
SELLER

Encore

San Diego, California, United States

Category Company
Founded 1999
Sector Financial Services
Employees7,400
Revenue 1.2B USD (2023)
DESCRIPTION
Entrance to Encore Capital Group's corporate headquarters in San Diego, California.
Entrance to Encore Capital Group's corporate headquarters in San Diego, California.

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 Encore was founded in 1999 and is based in San Diego, California.


DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 1 of 2
Type (Stake Purchase) 1 of 1
Country (United Kingdom) 2 of 2
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-28 Baycorp Pty

Parramatta, Australia

Baycorp (Aust) Pty Ltd. is a large and well-established debt purchasing and debt collection operator across Australia and New Zealand. Baycorp (Aust) Pty Ltd. assets comprise a sizeable purchased debt ledger (PDL) book, a PDL collection platform and agency collection businesses in Australia and New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 Baycorp Pty

Parramatta, Australia

Baycorp (Aust) Pty Ltd. is a large and well-established debt purchasing and debt collection operator across Australia and New Zealand. Baycorp (Aust) Pty Ltd. assets comprise a sizeable purchased debt ledger (PDL) book, a PDL collection platform and agency collection businesses in Australia and New Zealand.

Sell AU$65M