Encore Capital Group Completes Purchase of Majority Stake in Cabot Credit Management

Encore Capital Group said on Tuesday that it has closed its acquisition of 50.1% equity stake held by J.C. Flowers & Co. in Cabot Credit Management. The transaction was for for £115 million (approximately $177 million). CCM is a UK-based acquirer and manager of consumer debt.

DealsNorth AmericaUSBriefs