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  6. Jefferson Capital Acquires Bluestem Brands Credit Card Portfolio

M&A Deal Summary

Jefferson Capital Acquires Bluestem Brands Credit Card Portfolio

On October 27, 2025, Jefferson Capital acquired financial services company Bluestem Brands Credit Card Portfolio from Bluestem Brands for 303M USD

Acquisition Highlights
  • This is Jefferson Capital’s 2nd transaction in the Financial Services sector.
  • This is Jefferson Capital’s largest (disclosed) transaction.
  • This is Jefferson Capital’s 1st transaction in the United States.
  • This is Jefferson Capital’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2025-10-27
Target Bluestem Brands Credit Card Portfolio
Sector Financial Services
Buyer(s) Jefferson Capital
Sellers(s) Bluestem Brands
Deal Type Divestiture
Deal Value 303M USD

Target

Bluestem Brands Credit Card Portfolio

Eden Praire, Minnesota, United States
Bluestem Brands' Credit Card Portfolio includes consumer credit card receivables with a face value of $488 million, and is based in Eden Prairie, Minnesota.

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Buyer(S) 1

Buyer

Jefferson Capital

Sartell, Minnesota, United States
Category Company
Founded 2002
Sector Financial Services
Employees1,205
DESCRIPTION

Jefferson Capital is an analytically driven purchaser and manager of charged-off and insolvency consumer accounts. Jefferson Capital secures and unsecured assets, and its growing client base includes Fortune 500 companies, banks, fintech origination platforms, telecommunications providers, credit card issuers, and auto finance companies. Jefferson Capital was founded in 2002 and is based in Sartell, Minnesota.

DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-10 Canaccede Financial Group

Toronto, Ontario, Canada

Canaccede Financial Group Ltd. is a full-service partner and provider of purchasing and servicing solutions for the Institutions managing receivables in Canada. Canaccede Financial works directly with institutions to provide efficient access to capital, improving operational expense structure.

Buy -

Seller(S) 1

SELLER

Bluestem Brands

Eden Praire, Minnesota, United States
Category Company
Founded 2002
Sector Retail
Employees877
Revenue 943M USD (2014)
DESCRIPTION

Bluestem Brands is a multi-brand retailer, delivering a wide selection of products and shop-at-home convenience through e-commerce and direct marketing via the Fingerhut and Gettington.com brands. In addition to offering a large selection of brand name products, our brands also offer a variety of credit options to provide families on a budget the flexibility of paying over time. Bluestem Brands was founded in 2002 and is based in Eden Prairie, Minnesota.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
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