Jefferson Capital Financial Services Acquisition | M&A Deal

Jefferson Capital has completed the acquisition of a payments processing business in Minnesota, for $150 million. Jefferson Capital is an analytically driven purchaser and manager of charged-off, insolvency and active consumer accounts, supporting payments processing and account servicing across the U.S. and international markets. The company’s credit and collections capabilities help financial services clients manage portfolios and recoveries, aligning with financial services M&A and other acquisition activity in MN acquisitions. As a public company acquisition, the revolving credit facility was expanded by $150 million to $1.15 billion, adding two new banking partners with $75 million commitments each, and increasing the future aggregate upsizing cap to $1.425 billion. The announced other acquisition supports financial flexibility for Jefferson Capital acquisitions and growth initiatives.