![]() ![]() ![]() Encore Capital is the largest publicly traded United States debt buyer by revenue. The company completed its initial public offering of 2,250,000 shares of common stock in July 1999. The group formed a holding company, which it incorporated in Delaware in April 1999 as MCM Capital Group, Inc., later renamed Encore Capital Group, Inc. In 1998, an investor group led by Nelson Peltz and Peter May and Kerry Packer of Consolidated Press International Holdings Limited, acquired a majority interest in its operations. History Įncore Capital Group's subsidiary company, Midland Credit Management, Inc., through which it purchases all of its debt, was founded in 1953 and was incorporated in Kansas in September 1953. The firm is a publicly traded NASDAQ Global Select company (ECPG), a component stock of the Russell 2000, the S&P SmallCap 600, and the Wilshire 4500. The company is headquartered in San Diego, and operates throughout the United States. is a publicly traded debt buyer based in the United States. “Apex’s single-source solution, delivered by an experienced team, offers the efficiency and convenience of both fund administration and tax services delivered via one relationship.Encore Capital Group, Inc. This announcement follows a period of accelerated new business growth for Apex’s Americas business, with real estate client wins including American ventures partners RailField Partners and Midtown Capital Partners.Īpex Global Head of Real Estate, Michael Sheahan said: “As the Real Estate asset class continues to see significant allocations from institutional investors, it is important that managers choose the right partners to support their administrative and operational needs as their funds scale. Pictured: Apex said it's clients will benefit from its " global, cross-jurisdictional reach". Apex’s proven track record in the real estate industry combined with their range of solutions means that they are the perfect partner for Encore’s ongoing operations.” With FTS becoming part of Apex Group, existing clients are now benefitting from access to the Group’s global, cross-jurisdictional reach and range of additional services including fund administration, digital banking, compliance solutions and ESG Ratings and Advisory.Įncore CFO, John F Chiste, added: “We have been a satisfied client of FTS for over a decade and their acquisition by Apex Group has opened up an expanded range of new services, products and technologies to support our business. “Our clients are now able to access a full suite of services, in addition to their existing tax compliance and structuring delivered by FTS’ experienced team.” Pictured: Apex Global Head of Real Estate, Michael Sheahan.įTS Founder, William McEnroe, commented: “This appointment by Encore to provide fund administration services is evidence of the strategic rationale of the acquisition of a majority shareholding in FTS by Apex Group. Encore has been a longstanding tax compliance and structuring client of FTS, a leading tax services provider, which saw a majority shareholding acquired by Apex Group in April 2022. ![]() The global financial services provider was appointed due to its ability to offer “both tax fund administration services through one relationship, underpinned by its functional and real estate industry experience and leading technology solutions”.Įncore is a vertically integrated real estate developer, operator, and institutional investment management firm, with in excess of $2bn in assets under management. Apex appointed by Encore Capital Management Wednesday 29 June 2022Īpex Group Ltd has been appointed by Encore Capital Management to provide fund administration, investor reporting and tax services. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |