PRA Completes Acquisition of Aktiv Kapital

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Go back to PRA Completes Acquisition of Aktiv Kapital

Portfolio Recovery Associates (PRAA) Completes Aktiv Kapital, Pamplona Capital Asset Acquisitions

July 16, 2014 6:58 AM EDT

Portfolio Recovery Associates (Nasdaq: PRAA) has completed its acquisition of Aktiv Kapital AS, a Norway-based leader in acquiring and servicing non-performing consumer debt throughout Europe and Canada. Effective today, the combined companies will be known as PRA Group, signaling to investors and global debt sellers PRA's plans for international growth from a group of companies across countries and regions.

PRA also has completed its acquisition of Pamplona Capital Management's Individual Voluntary Arrangements (IVA) Master Servicing Platform and other operating assets in the U.K., expanding PRA's ability... More