M&A Deal Summary

Encore Acquires Atlantic Credit & Finance

On August 7, 2014, Encore acquired financial services company Atlantic Credit & Finance for 126M USD

Acquisition Highlights
  • This is Encore’s 6th transaction in the Financial Services sector.
  • This is Encore’s 3rd largest (disclosed) transaction.
  • This is Encore’s 4th transaction in the United States.
  • This is Encore’s 1st transaction in Virginia.

M&A Deal Summary
Date 2014-08-07
Target Atlantic Credit & Finance
Sector Financial Services
Buyer(s) Encore
Deal Type Add-on Acquisition
Deal Value 126M USD

Target

Atlantic Credit & Finance

Roanoke, Virginia, United States
Atlantic Credit & Finance specializes in collecting fresh, higher-balance credit card and consumer loans by forging collaborative relationships with consumers.

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Buyer(S) 1

Buyer

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 6 of 8
Sector (Financial Services) 6 of 8
Type (Add-on Acquisition) 4 of 5
State (Virginia) 1 of 1
Country (United States) 4 of 4
Year (2014) 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 Grove Capital Management

Houston, Texas, United States

Grove Capital Management is a specialist fund management firm, focused on investment in consumer receivables. Launched in 2010 to capitalize on growth in debt portfolio sales in the UK, Spain and other markets,

Buy -
FOLLOWING 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 -
Mergr

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