Atlanticus acquires Mercury Financial for ~$162M, adding $3.2B in credit card receivables

Atlanticus Holdings Corp

Acquired Mercury, a data-centric near-prime credit card platform, for ~$162M in cash, with potential earn-outs up to 3 years.
Adds 1.3 million credit card accounts and $3.2 billion in receivables, boosting total managed receivables to over $6 billion.
Expands Atlanticus' product offering into the larger near-prime consumer segment; integration expected to drive cost synergies and portfolio optimization.
Transaction funded from cash on hand; seller may receive earn-outs equal to 75% of charge-off savings vs. agreed levels.

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