Encore Capital Group Agrees to Acquire Controlling Interest in Grove Capital Management; Terms Undisclosed
February 25, 2014 at 16:13 PM EST
Encore Capital Group (Encore), an international specialty finance company (NASDAQ: ECPG ), today announced that it has entered into an agreement to take a controlling stake in Grove Capital Management (Grove), an investment group that purchases credit portfolios and has a focus on UK insolvencies and Spanish assets. The