New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 10, 2014
05:47 EDTECPGEncore Capital subsidiary Cabot acquires Marlin Financial Group for about $481M
Encore Capital announced that its subsidiary, U.K.-based Cabot Credit Management, has acquired Marlin Financial Group, a leader in the U.K. debt purchasing market, for a cash purchase price of approximately $481M. The transaction was fully financed by debt incurred by Cabot. Encore acquired a controlling stake in Cabot in July 2013. Cabot's acquisition of Marlin expands Encore's strong presence in the high-growth U.K. and Irish markets, which together comprise the largest mature credit market in the world after the U.S. Together the two companies will create the largest unsecured debt buyer in the U.K., and the companies expect to generate substantial synergies that will drive profit growth in the near term, with future upside potential. The transaction is expected to be accretive to Encore's 2014 earnings per share. The acquisition will also accelerate Cabot's growth into the secondary and tertiary asset classes, further expanding the addressable market. In addition, Encore, Cabot and Marlin have the opportunity to create further operational efficiencies by applying industry expertise and sharing their best practices in analytics, systems and technology, and a deep understanding of consumers.
News For ECPG From The Last 14 Days
Check below for free stories on ECPG the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 18, 2014
10:03 EDTECPGOn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:12 EDTECPGEncore Capital initiated with a Neutral at Citigroup
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use