M&A Deal Summary |
|
---|---|
Date | 2019-08-16 |
Target | Baycorp Pty |
Sector | Financial Services |
Buyer(s) | Credit Corp Group |
Sellers(s) | Encore |
Deal Type | Divestiture |
Deal Value | 65M AUD |
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Category | Company |
---|---|
Founded | 1992 |
Sector | Financial Services |
Employees | 1,908 |
Revenue | 286M AUD (2020) |
Credit Corp Group is Australia’s largest provider of sustainable financial services in the credit-impaired consumer segment. Credit Corp Group are committed to providing sustainable and responsible financial solutions for customers, with the goal of improving financial situations. Credit Corp Group was founded in 1992 and is based in Sydney, Australia.
DEAL STATS | # |
---|---|
Overall | 1 of 4 |
Sector (Financial Services) | 1 of 1 |
Type (Divestiture) | 1 of 3 |
Country (Australia) | 1 of 4 |
Year (2019) | 1 of 1 |
Size (of disclosed) | 2 of 4 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2020-12-24 |
Collection House - Australian Purchased Debt Ledger Book
Newstead, Australia Collection House Ltd. - Australian Purchased Debt Ledger Book providees organizations and individuals with world-class solutions in credit management, collections, and customer care. |
Buy | AU$175M |
Category | Company |
---|---|
Founded | 1999 |
Sector | Financial Services |
Employees | 7,400 |
Revenue | 1.2B USD (2023) |
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 | 3 of 3 |
Sector (Financial Services) | 2 of 2 |
Type (Divestiture) | 1 of 1 |
Country (Australia) | 1 of 1 |
Year (2019) | 1 of 1 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-05-09 |
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. |
Sell | - |