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 967M USD for 2022 and 1,096M USD for 2021.

How many employees does PRA Group have?

PRA Group has 3,822 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. The accounts PRA acquires are the unpaid obligations of individuals owed to credit grantors, which primarily include banks, and other types of consumer, retail, and auto finance companies. The Company also provides fee-based services, including contingent collections of defaulted finance receivables in Europe, vehicle location, skip tracing and collateral recovery services for auto lenders, governments and law enforcement via PRA Location Services, LLC, revenue administration, audit and debt discovery/recovery services for local government entities through PRA Government Services, LLC and MuniServices, LLC and class action claims recovery services and related payment processing via Claims Compensation Bureau, LLC. 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

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

3,822

Established

1996

Public

NASDAQ: PRAA

Former Name

Portfolio Recovery Associates, Inc.

 Subscribe to unlock this and 201,535
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 193K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for PRA Group

Virginia Companies , Financial Services Companies , United States Companies , Virginia Financial Services Companies , Virginia Financial Services with Acquisitions , Virginia Financial Services with Divestitures

Related Lists for Virginia Companies

Largest Virginia Companies , Acquisitive Virginia Companies , Recently Acquired Virginia Companies , Recently Sold Virginia Companies , Private Virginia Companies , Public Virginia Companies , Acquired Virginia Companies , PE Backed Virginia Companies

Related Lists for Financial Services Companies

Largest Financial Services Companies , Acquisitive Financial Services Companies , Recently Acquired Financial Services Companies , Recently Sold Financial Services Companies , Private Financial Services Companies , Public Financial Services Companies , Acquired Financial Services Companies , PE Backed Financial Services Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal