Encore Inks $192M Deal For Majority Stake In Cabot

Law360, New York (May 30, 2013, 11:42 AM EDT) -- San Diego-based Encore Capital Group Inc. plans to buy up a majority of equity interest in private equity-owned Cabot Credit Management for $192 million, an acquisition that creates a “global leader” positioned to expand into the U.K.'s large debt purchase market, Encore announced Thursday.

The debt management and recovery company said CCM's reputation as a market leader in the U.K. and Ireland made the deal particularly attractive, because the former is the largest mature debt purchase market in the world after the U.S. This will be...
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