M&A Deal Summary

PRA Group Acquires National Capital Management - Consumer Bankruptcy Claims

On December 21, 2012, PRA Group acquired business services company National Capital Management - Consumer Bankruptcy Claims from National Capital Management for 115M USD

Acquisition Highlights
  • This is PRA Group’s 4th transaction in the Business Services sector.
  • This is PRA Group’s 2nd largest (disclosed) transaction.
  • This is PRA Group’s 4th transaction in the United States.

M&A Deal Summary

Date 2012-12-21
Target National Capital Management - Consumer Bankruptcy Claims
Sector Business Services
Buyer(s) PRA Group
Sellers(s) National Capital Management
Deal Type Divestiture
Deal Value 115M USD

Target

National Capital Management - Consumer Bankruptcy Claims

United States
National Capital Management - Consumer Bankruptcy Claims include secured and unsecured consumer bankruptcy accounts and operating assets associated with the underwriting and collection of secured bankruptcy claims.

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Buyer(S) 1

Buyer

PRA Group

Norfolk, Virginia, United States

Category Company
Founded 1996
Sector Financial Services
Employees3,119
Revenue 815M USD (2023)
DESCRIPTION

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.


DEAL STATS #
Overall 4 of 10
Sector (Business Services) 4 of 6
Type (Divestiture) 1 of 2
Country (United States) 4 of 5
Year (2012) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-15 Claims Compensation Bureau

Conshohocken, Pennsylvania, United States

Claims Compensation Bureau LLC is a company that specializes in recovering funds and processing payments due under class action claims settlements for clients.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-22 Mackenzie Hall Holdings

London, United Kingdom

Mackenzie Hall Holdings Ltd. is a provider services of consumer debt recovery. Mackenzie Hall today comprises Mackenzie Hall Ltd., outsourced and contingent consumer debt recovery specialists operating on behalf of a wide range of banks, credit providers and debt purchasers; Mackenzie Hall Debt Purchase Ltd., purchasers of distressed and dormant niche portfolios; and doorstep collections agency Meritforce Ltd.

Buy £34M

Seller(S) 1

SELLER

National Capital Management

Memphis, Tennessee, United States

Category Company
Founded 1996
Sector Business Services
DESCRIPTION

National Capital Management, LLC (NCM) was organized to offer consumer creditors and credit issuers a full service bankruptcy solution.


DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2012) 1 of 1
Size (of disclosed) 1 of 1