Debt buyer Encore Capital Group Inc. announced Tuesday the acquisitions of two companies in separate transactions in the United Kingdom and Latin America. Terms of both deals were not disclosed.
Encore has taken a controlling stake - 51 percent - in Refinancia, a debt buyer in Colombia and Peru. The deal builds Encore's presence in countries that, combined, have nearly 80 million residents. Refinancia services distressed consumer debt, which it sometimes purchases or services for other firms. It also has a small credit card business in Colombia.