J.C. Flowers completed its acquisition of Jefferson Capital International from Flexpoint Ford. Terms of the transaction were not disclosed.
In conjunction with the closing of the acquisition, Jefferson Capital will amend its $250 million syndicated credit facility, led by CIBC.
“The acquisition by J.C. Flowers will allow us to maintain a high level of service to our clients, expand our value-added service offerings and continue to invest in industry leading compliance practices,” said David Burton, president and CEO of Jefferson Capital. “We are excited to partner with J.C. Flowers, whose financial services expertise will be an asset as we expand upon our more than 15 years of consecutive growth. Our entire management team will remain in place and continue to lead the organization.”
“Jefferson Capital is a leader in its niche markets with solid growth potential and is committed to industry-leading compliance practices,” said Tom Harding of J.C. Flowers. “We are thrilled about collaborating with David Burton and their outstanding management team to extend the reach of the business. We believe J.C. Flowers’ vast experience with financial services around the globe will help enhance Jefferson Capital’s services.”
Weil, Gotshal & Manges acted as legal counsel to J.C. Flowers in connection with the transaction. Keefe, Bruyette & Woods and SunTrust Robinson Humphrey acted as financial advisors and Kirkland & Ellis acted as legal counsel to Jefferson Capital.
Founded in 2002, Jefferson Capital is a purchaser and servicer of consumer charged off and bankruptcy receivables, including both secured and unsecured assets.
