Jefferson Capital, Inc. (NASDAQ: JCAP) finalized the acquisition of credit card assets from affiliates of Bluestem Brands.
The net purchase price for the portfolio was $196.1 million, with estimated remaining collections of $310.0 million.
Founded in 2002, Jefferson Capital is a key player in managing charged-off, insolvency, and active consumer accounts.
Portfolio Acquisition
Acquired credit card assets from affiliates of Bluestem Brands for $196.1 million.
Estimated Collections
Projected remaining collections associated with the portfolio amount to $310.0 million.
Business Operations
Jefferson Capital operates in the U.S., Canada, the U.K., and Latin America, catering to various sectors like banks, telecom, and fintech.
- Jefferson Capital's acquisition strengthens its position in the charged-off asset management sector.
- The estimated remaining collections indicate potential future revenue growth for the company.
The successful completion of the portfolio acquisition marks a strategic move for Jefferson Capital, positioning them for continued success in the industry.