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Everest Consolidator extends operation with $150K deposit for Unifund deal

PUBLIC · EGMay 30, 2024

Acquiring Company

Everest Group Ltd

Acquired Company

Unifund Financial Technologies

HamiltonUnited StatesFinancial ServicesInsuranceFinancial ServicesLendingAnalytics

Description

Everest Consolidator deposits $150,000 to secure another month of operations for the merger agreement with Unifund Financial Technologies. The total deal has an enterprise value of $238 million with a $40 million minimum cash condition to close.

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Company Information

Company

Everest Group Ltd

Location

Hamilton, Pembroke, Bermuda

About

Everest Insurance Company of Canada is a subsidiary of Everest Group, Ltd., a global leader in reinsurance and specialty insurance. It offers a wide range of specialized corporate insurance products, particularly in areas like cybersecurity and health. Everest aims to provide unique and complex insurance solutions for large enterprises.

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Frequently asked

Who acquired Unifund Financial Technologies?

Unifund Financial Technologies was acquired by Everest Group Ltd, based in Hamilton. The deal was reported on May 30, 2024. Everest Insurance Company of Canada is a subsidiary of Everest Group, Ltd., a global leader in reinsurance and specialty insurance. Everest Group Ltd is publicly traded (EG) and operates in Financial Services.

When did Everest Group Ltd acquire Unifund Financial Technologies?

Everest Group Ltd's acquisition of Unifund Financial Technologies was reported on May 30, 2024. Everest Consolidator deposits $150,000 to secure another month of operations for the merger agreement with Unifund Financial Technologies. The total deal has an enterprise value of $238 million with a $40 million minimum cash condition to close. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Unifund Financial Technologies do?

Unifund Financial Technologies specializes in the acquisition and servicing of consumer debt receivables and offers consumer data analytics and tailored recovery solutions for major banks, financial institutions, and other creditors across the United States. It is privately held, operating in Financial Services, and is based in United States.

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