Flexpoint Ford has acquired Jefferson Capital International, a provider of recovery services for consumer charged-off accounts, from CompuCredit Holdings Corporation. “We are thrilled about our investment in Jefferson Capital and the opportunity to work with an industry leader in David Burton and his management team. Jefferson Capital has performed well for CompuCredit over the years and we believe it is well positioned to thrive,” said Steve Begleiter, Senior Principal of Flexpoint Ford.
Jefferson Capital is a provider of recovery services for consumer charged-off accounts. Clients include creditors and national debt buyers. Jefferson Capital offers services such as balance transfer credit card programs; purchasing and servicing of secured and unsecured bankruptcies, as well as traditional purchasing of distressed portfolios. The company was founded in 2002 and is headquartered in St. Cloud, MN with offices in Minneapolis, Phoenix, Atlanta, and London, UK (www.jeffersoncapitalinternational.com).
“The acquisition by Flexpoint Ford provides incremental growth capital allowing us to better serve our existing clients and expand our services to new market segments. We are excited to partner with Flexpoint, whose financial services expertise will be an asset as we expand upon our many successes. Our management team will remain in place and continue to lead the organization,” said David Burton, President and CEO of Jefferson Capital.
Kaulkin Ginsberg, an investment bank serving the outsourced business services sector, acted as a strategic advisor to Flexpoint. “We were excited to advise the Flexpoint team on this acquisition. We believe the combination of Flexpoint’s financial services expertise with Jefferson Capital’s experienced team will position the company for growth both in the U.S. as well as internationally,” said Michael Lamm, Director at Kaulkin Ginsberg. Kaulkin Ginsberg is based in Rockville, MD (www.kaulkin.com).
Flexpoint Ford seeks to invest from $10 to $100 million in companies operating in the healthcare and financial services sectors. Flexpoint Ford currently has $1 billion in capital under management. The firm is based in Chicago, IL with an additional office in New York, NY (www.flexpointford.com).
In conjunction with the closing of the acquisition, Jefferson Capital has extended and increased its syndicated credit facility, led by the Private Bank.