Jefferson Capital, Inc. / DE (JCAP): M&A transaction — Jefferson Capital completes $196.1M acquisition of credit card portfolio from Bluestem

Jefferson Capital, Inc. / DE

Net purchase price $196.1M; estimated remaining collections $310.0M.
Acquisition of credit card assets from Bluestem closed on December 4, 2025.
No retail operations or assets were included; originations not pursued.
Deal previously announced in October 2025; no ongoing platform use.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Jefferson Capital, Inc. / DE completed an acquisition involving Bluestem (BLST Holding Company LLC, BLST Operating Company, LLC, BLST FinCo, LLC and BLST FinCo SubCo, LLC) for $196.1 million (closed 2025-12-04).

Action: acquisition
Counterparty: Bluestem (BLST Holding Company LLC, BLST Operating Company, LLC, BLST FinCo, LLC and BLST FinCo SubCo, LLC)
Consideration: $196.1 million
Closing: 2025-12-04

Exact text from the filing

ongoing originations through the Bluestem platform, and the Acquisition did not include any Bluestem retail operations or assets. The net purchase price for the portfolio was $196.1 million and the estimated remaining collections associated with the portfolio are $310.0 million. The foregoing description of the Purchase Agreement does not purport to be complete and

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Jefferson Capital, Inc. / DE filing history →

Source: SEC EDGAR

accession 0001104659-25-118595

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