Because of the more competitive pricing in the charged-off debt markets, Encore Capital Group diverted capital to more profitable investments. Secondly, investments in receivable portfolios in the portfolio purchasing and recovery business fell to $125 million in the quarter, representing a fall of 73.3% on the previous quarter.Įstimated remaining collections (ERC), a measure of the cumulative value of payments expected to be repaid on the receivable portfolios, fell by $123 million from the previous quarter to total $5,080 million. Firstly, the cost to collect rose from 37.7% in the same-period last year to 38.8% in the most recent quarter. Although the debt collector produced a strong set of earnings for the first quarter, there were signs that profitability could weaken in the medium term. Cash collections rose 7% to $425 million for the quarter. Revenue for the quarter, which totaled $285.7 million, had also beaten the consensus analyst forecasts. The firm targets companies with between $10 million and $100 million in annual revenues where Encore’s strong expertise in strategy development, brand marketing, manufacturing and supply chain optimization, and distribution expansion can drive performance.Encore Capital Group ( NASDAQ: ECPG) reported adjusted earnings per share for the first quarter of 2015 of $1.23, beating analysts' expectations of $1.19. Encore’s current and prior investments include food and beverage manufacturers and marketers (4505 Meats, Aidells Sausage Company, Ancient Harvest, Brownie Brittle, Cece’s Veggie Co., Full Sail Brewing, Lion Beverages, Mesa Foods, Murry’s, Navitas Organics, Tender Belly, Thanasi Foods, Van Law Foods) pet products companies (Open Farm Pet, ThunderWorks, Zuke’s) and personal care/beauty companies (M圜helle Dermaceuticals, Supergoop!, tarte), and food distribution companies (Freshko Produce Services, Pint Size Hawaii, Tourtellot), among others. The firm has raised over $600 million in equity capital and invested in over 35 companies in the sector. We look forward to supporting the business as it continues on its rapid growth trajectory.”Įncore Consumer Capital is a private equity investment firm focused on the consumer products industry. Lauren has built a company that is a category pioneer focused on straight talk about sensitive issues and delivering efficacious women’s health and wellness products. “I am looking forward to our next chapter of growth together as we build our team and strategically expand.”Įncore’s Kate Wallman, who led the transaction and will serve on the Love Wellness board of directors, said, “We are so excited to partner with Lauren and the Love Wellness team. “I am excited about the partnership with Encore and their experience supporting high-growth digitally-native consumer brands,” said Bosworth. Today, Love Wellness is also available in specialty retail and mass channels, including Ulta and most recently Target. The Company launched as a digitally-native brand, selling primarily on its own website ( and Amazon. When legacy women’s health brands failed her, Lauren saw the opportunity to build a wellness brand for women driven by body positivity, clean ingredients, and expert formulations. The Company was founded by CEO Lauren “Lo” Bosworth in 2016 after a decade long career as a reality television star. Love Wellness, headquartered in New York City, is a women’s health and wellness brand specializing in supplements, multivitamins, OTC suppositories, and feminine hygiene. San Francisco - Encore Consumer Capital (“Encore”), a private equity firm that invests in leading consumer products companies, is pleased to announce that it has completed an investment in Ogilvie Brands, Inc.
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