Jefferson Capital Completes Acquisition of Credit Card Portfolio

Core Viewpoint - Jefferson Capital, Inc. has successfully completed the acquisition of a credit card asset portfolio from affiliates of Bluestem Brands for a net purchase price of $196.7 million, with estimated remaining collections of $311.4 million associated with the portfolio [1] Company Overview - Jefferson Capital, founded in 2002, specializes in the analytical purchasing and management of charged-off, insolvency, and active consumer accounts across the United States, Canada, the United Kingdom, and Latin America [2] - The company manages both secured and unsecured assets and serves a diverse client base, including Fortune 500 creditors, banks, fintech platforms, telecommunications providers, credit card issuers, and auto finance companies [2] - Jefferson Capital is headquartered in Minneapolis, Minnesota, with additional offices in Sartell, Minnesota; Denver, Colorado; San Antonio, Texas; Basingstoke, England; London, England; Paisley, Scotland; London, Ontario; Toronto, Ontario; and Bogota, Colombia [2]