J.C. Flowers Reaps 2.5x With Encore Capital

J.C. Flowers & Co. is set to reap a 2.5-times return on its investment in Encore Capital Group Inc., Reuters reported Thursday. Encore, which buys bad consumer debt and then tries to recover the money, said on Thursday it priced an underwritten public offering of 3.61 million shares by J.C. Flowers at $24.35 per share. J.C. Flowers originally bought into Encore in May 2007 at $9.75 per share for a total of $52.9 million, Reuters wrote.

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