PRA Group, Inc.

PRA Group, Inc.

PRA Group, Inc.

Overview
Date Founded

2002

Headquarters

150 Corporate Boulevard,Norfolk, VA 23502

Type of Company

Public

Employees (Worldwide)

5,377

Industries

Accounting & Financial Services
Legal
IT Consulting & Services
Holding Companies
Consumer Finance
Other Business & Consulting Services

Company Description

PRA Group, Inc. engages in the purchase, collection and management of portfolios of defaulted consumer receivables. It focuses on the acquisition, collection, and processing of both unpaid and normal course accounts receivable originally owed to credit grantors, governments, retailers and others. The firm's primary business is the purchase, collection and management of portfolios of defaulted consumer receivables. The company was founded by Steve Fredrickson and Kevin Stevenson on March 20, 1996 and is headquartered in Norfolk, VA.

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Executives & Employees

Co-Founder

Executive Chairman

Executive Vice President & Chief Financial Officer

Executive Vice President, General Counsel

Deputy General Counsel

Chief Technology Officer

Executive Vice President, Chief Risk & Compliance Officer

Chief Information Officer

Senior Vice President & Chief Audit Executive

Chief Information Security Officer

Board of Directors

Executive Chairman at PRA Group, Inc.

President & Chief Executive Officer at Credit Union National Association, Inc.

Co-Founder at PRA Group, Inc.

Former Chief Financial Officer & Executive Vice President at Amerigroup Corporation

Faculty Member at University of Delaware

Former Executive Vice President at Citigroup, Inc.

Founding Partner at Ubon Partners AS

Treasurer at Virginia Aquarium & Marine Science Center Foundation, Inc.

President-Emeritus at Radford University

Former Chief Operating Officer at Convergys Corp.

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Owners & Shareholders
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TCAM's investment process starts by choosing the right companies. The firm looks for good companies with strong management that driver their intrinsic value higher over time. After choosing the right company, they formulate and maintain a view of each company's value. They then construct an optimal portfolio which is diversified over almost 25 companies in largely unrelated industries. The size of each holding determined by many factors, the most important being how attractively priced it is.

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Stephens Investment Management Group We are pleased to announce that the Board of Trustees of Professionally Managed Portfolios has approved a plan of reorganization whereby the Stephens Small Cap Growth Fund and Stephens Mid Cap Growth Fund will reorganize into the American Beacon Family of Funds. The new fund names will be the American Beacon Stephens Small Cap Growth Fund and the American Beacon Stephens Mid Cap Growth Fund. The new Funds are designed to be substantially similar from an investment perspective as their predecessors. Stephens Investment Management Group, LLC (“SIMG”), will continue to manage the day-to-day portfolio as the sub-adviser to the American Beacon Funds. By engaging SIMG as a sub-adviser, American Beacon Advisers will be able to provide shareholders continuity of the portfolio management team that has been responsible for the Stephens Funds’ performance records since the inception of each of the Funds. The portfolio managers of SIMG who are primarily responsible for the day-to-day portfolio management of each of the Stephens Funds will remain the same

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Global Alpha Capital Management focuses exclusively on investments in small-cap equities on a global basis. The firm employs a core investment style that combines growth and value characteristics. Their investment approach is based on a fundamental, bottom-up security selection process. The investment strategies used are mainly long-term purchases (securities held for more than a year) with some short-term purchases (securities held for less than a year). The portfolio managers at Global Alpha believe that sales and profit growth are key determinants of value creation. Their fundamental approach seeks to identify companies with unrecognized and accelerating earnings growth potential. Bottom-up stock selection is based on global themes within a concentrated portfolio. Global Alpha's key investment themes can be exploited over the long-term and may include, among others, emerging market consumers, health care, technology, alternative energy, environment, outsourcing. The firm believes that diversification at multiple levels is critical to managing risk.^

Recent Transactions
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PRA Group, Inc., PRA Group Canada, Inc. purchase CCL Financial, Inc. from New Residential Investment Corp.

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Banco Bradesco SA, Alvorada Serviços e Negócios Ltda. purchase RCB Investimentos SA from PRA Group, Inc.

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Millstein Capital LLC purchases PRA Group, Inc. /4 Subs from PRA Group, Inc.

Insider Transactions
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Transaction Advisors
Investment Advisor

Advised onMillstein Capital LLC purchases PRA Group, Inc. /4 Subs from PRA Group, Inc.

Legal Advisor

Advised onPRA Group, Inc. purchases RCB Investimentos SA

Legal Advisor

Advised onPRA Group, Inc. purchases RCB Investimentos SA

Key Stats and Financials As of 2018
Market Capitalization
$1.69B
Total Enterprise Value
$3.6B
Earnings Per Share
$1.44
Revenue
$908M
Net Profit
$65.6M
Total Debt
$2.56B
Enterprise Value Sales
3.96x
TEVNet Income
54.9x
Debt TEV
0.71x
Three Year Compounded Annual Growth Rate Of Revenue
-1.21%
Five Year Compounded Annual Growth Rate Of Revenue
4.32%
Total Equity
$1.13B
Enterprise Value EBITDAOperating
17.38x
EBITDAMargin
22.8%
EBITDA
$207M
Suppliers
Coupa Software, Inc. Accounting & Financial Services | San Mateo, CA

Coupa Software, Inc. engages in providing business spend management (BSM) solutions. It offers cloud-based BSM platform that delivers a broad range of capabilities that would typically require the purchase and use of multiple disparate point applications. Its platform consists of procurement, invoicing, expense management and payments modules that form the transactional engine for managing a company's business spend. The company was founded by Noah Eisner and Dave Stephens in 2006 and is headquartered in San Mateo, CA.

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