M&A Deal Summary

J.C. Flowers Acquires Jefferson Capital

On March 26, 2018, private equity firm J.C. Flowers acquired business services company Jefferson Capital from Flexpoint Ford

Acquisition Highlights
  • This is J.C. Flowers’ 2nd transaction in the Business Services sector.
  • This is J.C. Flowers’ 7th transaction in the United States.
  • This is J.C. Flowers’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2018-03-26
Target Jefferson Capital
Sector Business Services
Buyer(s) J.C. Flowers
Sellers(s) Flexpoint Ford
Deal Type Secondary Buyout
Advisor(s) Keefe, Bruyette, & Woods, Inc.
SunTrust Robinson Humphrey, Inc. (Financial)
Kirkland & Ellis (Legal)

Target

Jefferson Capital

St. Cloud, Minnesota, United States
Jefferson Capital is a provider of traditional and unique recovery services for consumer charged-off accounts. Jefferson Capital’s growing client base includes Fortune 500 creditors, banks, telecommunications providers, credit card issuers, private student loan originators, and auto finance companies. Jefferson Capital was founded in 2002 and is based in St. Cloud, Minnesota.

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Buyer(S) 1

Buyer

J.C. Flowers

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

JC Flowers is a specialist private equity firm that targets investments in the financial services sector. JC Flowers looks for distressed opportunities in North America, Western Europe, and Asia. JC Flowers was formed in 1998 and is based in New York City with an additional office in London.


DEAL STATS #
Overall 20 of 30
Sector (Business Services) 2 of 4
Type (Secondary Buyout) 3 of 3
State (Minnesota) 1 of 1
Country (United States) 7 of 9
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Island Finance

San Juan, Prince Edward Island, Puerto Rico

Island Finance is a provider of consumer loans and real estate-secured loans to customers through its 70 stores in Puerto Rico, as well as sales finance contracts through retail merchants. Island Finance Puerto Rico as formed in 1959 and is headquartered in San Juan, Puerto Rico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-09 Cabot Credit Management

West Malling, United Kingdom

Cabot Credit Management is a provider of acquirer and manager of consumer debt. Cabot Credit Management was founded in 2011 and is based in West Malling, United Kingdom.

Sell -

Seller(S) 1

SELLER

Flexpoint Ford

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 7.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Flexpoint Ford is a private equity firm focused on investments in healthcare and financial services companies. Flexpoint prefers control based investments and looks to commit $50 to $500 million per transaction. The Firm is flexible when it comes to investment structure and asset class. Flexpoint Ford was formed in 2005 and is based in Chicago, Illinois.


DEAL STATS #
Overall 14 of 21
Sector (Business Services) 2 of 3
Type (Secondary Buyout) 5 of 5
State (Minnesota) 1 of 1
Country (United States) 14 of 21
Year (2018) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-07 Dash Financial Technologies

New York, New York, United States

Dash Financial Technologies LLC is a provider of options and equities agency execution services to both buy-side and sell-side institutions. Dash offers a variety of software tools for traders, a regulatory technology suite, and various data/analytics offerings. Through the Dash platform, clients can devise bespoke routing and algorithmic strategies calibrated to their precise execution objectives, with Dash’s trade desk acting as a consultative guide during this process. Dash Financial Technologies LLC was founded in 2009 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-08 Propel Insurance

Tacoma, Washington, United States

Propel Insurance is an insurance agency focused on commercial lines insurance, employee benefits, and high-net-worth personal lines. Propel Insurance provides insurance solutions for its clients and has developed substantial expertise across a number of industry verticals, including construction, senior living, real estate, and sports and recreation. Propel Insurance was founded in 1923 and is based in Tacoma, Washington.

Buy -