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PRA snaps up Aktiv
US debt buyer Portfolio Recovery Associates (PRA) has agreed to buy Aktiv Kapital for $880m (£528.6m). The deal sees PRA take on the largest equity stake in Aktiv and around $435m (£261.3m) of the company’s corporate debt, giving the deal a total enterprise value of $1.3bn (£780m). It marks the second offshore acquisition announcement in a week by US-headquartered PRA, following its purchase of the debt buying arm of London-based firm Pamplona Capital Management. The deal also heralds a significant expansion of PRA’s European footprint, as Aktiv Kapital is based in Norway and operates in 15 markets across Europe and Canada......Read more hereYou must be logged in to post a comment.
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