M&A Deal Summary

PRA Group Acquires Resurgent Capital Services - Canadian Business

On March 4, 2019, PRA Group acquired financial services company Resurgent Capital Services - Canadian Business from Resurgent Capital Services

Acquisition Highlights
  • This is PRA Group’s 3rd transaction in the Financial Services sector.
  • This is PRA Group’s 1st transaction in Canada.
  • This is PRA Group’s 1st transaction in Ontario.

M&A Deal Summary

Date 2019-03-04
Target Resurgent Capital Services - Canadian Business
Sector Financial Services
Buyer(s) PRA Group
Sellers(s) Resurgent Capital Services
Deal Type Divestiture

Target

Resurgent Capital Services - Canadian Business

Ontario, Canada
Resurgent Capital Services - Canadian Business provides service and liquidity to credit originators who, in turn, can expand credit services to consumers.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

PRA Group

Norfolk, Virginia, United States

Category Company
Founded 1996
Sector Financial Services
Employees3,115
Revenue 1.1B USD (2024)
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 10 of 10
Sector: Financial Services M&A 3 of 3
Type: Divestiture M&A Deals 2 of 2
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-26 MuniServices

Fresno, California, United States

MuniServices LLC is a provider of innovative revenue enhancement and other related services to state and local governments. MuniServices counts more than 250 such jurisdictions as clients, including various municipalities in California, Florida, Georgia, Nevada, Pennsylvania, Texas, and the District of Columbia.

Sell -

Seller(S) 1

SELLER

Resurgent Capital Services

Greenville, South Carolina, United States

Category Company
Founded 1998
Sector Financial Services
DESCRIPTION

Resurgent Capital Services is a manager and servicer of domestic and international consumer debt portfolios for credit grantors and debt buyers. The company manages accounts across the credit spectrum including performing accounts, sub- and non-performing accounts, secured accounts, and unsecured accounts.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-19 Resurgent Capital Services - Canadian Business

Ontario, Canada

Resurgent Capital Services - Canadian Business provides service and liquidity to credit originators who, in turn, can expand credit services to consumers.

Buy -