Jefferson Capital Completes Acquisition of Credit Card Portfolio
Rhea-AI Summary
Jefferson Capital (NASDAQ: JCAP) completed the previously announced acquisition of a credit card portfolio from affiliates of Bluestem Brands on Dec. 4, 2025. The net purchase price was $196.7 million and the company reported estimated remaining collections of $311.4 million associated with the portfolio.
The transaction increases Jefferson Capital's owned consumer receivables and adds a portfolio with a stated collections profile of $311.4 million against a $196.7 million purchase price.
Positive
- Estimated collections of $311.4 million added
- Acquisition completed on Dec. 4, 2025
Negative
- Net purchase price of $196.7 million is a large cash/consideration outlay
- Adds portfolio exposure to charged-off and insolvency consumer accounts
Key Figures
Market Reality Check
Peers on Argus
Sector peers show mixed individual moves (e.g., ATLC +2.5%, ECPG -1.0%), with no momentum scan signals, suggesting today’s action is stock-specific.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 13 | Q3 2025 earnings | Positive | +2.7% | Strong Q3 results with higher collections, deployments, ERC and revenue. |
| Oct 30 | Earnings announcement date | Positive | +2.4% | Scheduled Q3 2025 earnings release and webcast details. |
| Oct 28 | Credit facility upsize | Positive | -1.7% | Amendment increasing revolver to $1.0B and improving pricing and terms. |
| Oct 27 | Bluestem acquisition | Positive | +3.5% | Agreement to acquire Bluestem credit card portfolio for $302.8M gross. |
| Oct 09 | Nasdaq bell ceremony | Neutral | -0.5% | Opening bell ceremony to commemorate recent IPO listing. |
Recent JCAP news (earnings, acquisitions, facility changes) has usually seen modestly positive next-day moves, with one divergence on a credit facility upsize.
Over the last few months, Jefferson Capital reported strong Q3 2025 results on Nov 13 with higher collections, deployments and ERC, and a Bluestem portfolio purchase expected to close in Q4 2025. Ahead of that, it upsized and improved terms on its senior secured revolving credit facility on Oct 28. On Oct 27, it announced the Bluestem credit card portfolio acquisition, which drew a 3.51% next-day gain. The Nasdaq listing celebration on Oct 10 had only a small price impact.
Historical Comparison
In the past 6 months, JCAP had 1 prior acquisition headline, which saw a 3.51% next-day move, offering a reference point for market reactions to Bluestem portfolio deals.
Prior news announced signing to acquire the Bluestem credit card portfolio; today’s article confirms completion of that portfolio acquisition.
Regulatory & Risk Context
Short interest at 0.08% of float with 1 day to cover indicates limited short-based trading pressure.
Market Pulse Summary
This announcement finalizes Jefferson Capital’s previously announced acquisition of a Bluestem credit card portfolio, with a net purchase price of $196.7 million and estimated remaining collections of $311.4 million. It follows earlier news outlining the larger Bluestem agreement and a credit facility upsize. Investors may focus on how this portfolio affects future collections, leverage metrics and earnings, as reflected in upcoming earnings reports and regulatory filings.
Key Terms
charged-off financial
insolvency financial
net purchase price financial
estimated remaining collections financial
AI-generated analysis. Not financial advice.
MINNEAPOLIS, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Jefferson Capital, Inc. (NASDAQ: JCAP) (“Jefferson Capital”), a leading analytically driven purchaser and manager of charged-off, insolvency and active consumer accounts, today completed the previously announced portfolio acquisition of credit card assets from affiliates of Bluestem Brands. The net purchase price for the portfolio was
About Jefferson Capital, Inc.
Founded in 2002, Jefferson Capital is an analytically driven purchaser and manager of charged-off, insolvency and active consumer accounts with operations in the United States, Canada, the United Kingdom and Latin America. It purchases and services both secured and unsecured assets, and its growing client base includes Fortune 500 creditors, banks, fintech origination platforms, telecommunications providers, credit card issuers and auto finance companies. Jefferson Capital is headquartered in Minneapolis, Minnesota with additional offices and operations located in Sartell, Minnesota, Denver, Colorado and San Antonio, Texas (United States); Basingstoke, England, London, England and Paisley, Scotland (United Kingdom); London, Ontario and Toronto, Ontario (Canada); as well as Bogota (Colombia).
Contacts:
Investor Relations
IR@jcap.com
Media Relations
Doug.Donsky@icrinc.com
Disclosure Regarding Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and in the U.S. Private Securities Litigation Reform Act of 1995. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements concerning the Bluestem portfolio purchase, including the anticipated purchase price and timeline for closing, and our leadership position. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to, the following: a deterioration in the economic or inflationary environment in the United States, Canada, the United Kingdom or Latin America, including the interest rate environment; our ability to replace our portfolios of nonperforming loans with additional portfolios sufficient to operate efficiently and profitably; our ability to collect sufficient amounts on our nonperforming loans to fund our operations; the possibility that third parties we rely on to conduct collection and other activities fail to perform their services; the possibility that we could recognize significant decreases in our estimate of future recoveries on nonperforming loans; changes in, or interpretations of, federal, state, local, or international laws, including bankruptcy and collection laws, or changes in the administrative practices of various bankruptcy courts, which could negatively impact our business or our ability to collect on nonperforming loans; goodwill impairment charges that could negatively impact our net income and stockholders’ equity; our ability to comply with existing and new regulations of the collection industry, the failure of which could result in penalties, fines, litigation, damage to our reputation, or the suspension or termination of or required modification to our ability to conduct our business; adverse outcomes in pending or future litigation or administrative proceedings; the possibility that class action suits and other litigation could divert management’s attention and increase our expenses; investigations, reviews, or enforcement actions by governmental authorities, including the Consumer Financial Protection Bureau, which could result in changes to our business practices, negatively impact our deployment volume, make collection of account balances more difficult, or expose us to the risk of fines, penalties, restitution payments, and litigation; the possibility that compliance with complex and evolving international and United States laws and regulations that apply to our international operations could increase our cost of doing business in international jurisdictions; our ability to comply with data privacy regulations such as the General Data Protection Regulation; our ability to retain, expand, renegotiate or replace our credit facility and our ability to comply with the covenants under our financing arrangements; our ability to refinance our indebtedness; our ability to service our outstanding indebtedness; changes in interest or exchange rates, which could reduce our net income, and the possibility that future hedging strategies may not be successful; and the possibility that we could incur business or technology disruptions or cybersecurity incidents. These and other important factors discussed under the caption “Risk Factors” in our Form 10-Q filed with the SEC on November 14, 2025 and our other filings with the SEC, could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any such forward-looking statements represent management’s estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.
FAQ
What did Jefferson Capital (JCAP) announce on December 4, 2025?
How much did Jefferson Capital pay for the Bluestem Brands credit card portfolio (JCAP)?
What are the estimated remaining collections tied to the acquired portfolio for JCAP?
How does the Bluestem portfolio acquisition affect JCAP's receivables?
When did Jefferson Capital complete the Bluestem credit card portfolio acquisition (JCAP)?
