The offer was structured as a modified “Dutch Auction” cash tender offer for common stock

Davis Polk advised the dealer manager in connection with a modified “Dutch Auction” cash tender offer by Encore Capital Group, Inc. to purchase up to $300 million in the aggregate of its common stock trading on Nasdaq.

Encore Capital Group is an international specialty finance company that provides debt recovery solutions and other related services across a broad range of financial assets. Through its subsidiaries around the globe, Encore purchases or services portfolios of receivables from major banks, credit unions and utility providers.

The Davis Polk capital markets team included partner Shane Tintle and associate Moses Farzan Nekou. Partner Mario J. Verdolini and associate Ben Levenback provided tax advice. All members of the Davis Polk team are based in the New York office.

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