Latest news with #JeffersonCapital
CTV News
a day ago
- Business
- CTV News
J.C. Flowers-backed Jefferson Capital eyes US$1.1B valuation in US IPO
The Nasdaq MarketSite in New York's Times Square, on May 16, 2012. (AP / Richard Drew) Private equity-backed Jefferson Capital said on Friday it was targeting a valuation of up to $1.1 billion in its U.S. initial public offering, as buyout firms look to take advantage of an improving new listings market. The company, and some of its investors, are seeking to raise up to $170 million by offering 10 million shares priced between $15 and $17 each, in what would be a rare flotation from the debt buyer industry. Mounting pressure on financial sponsors to return money to investors is encouraging buyout firms to list their portfolio companies. A winning streak for latest U.S. stock market entrants has also boosted the IPO market, particularly for tariff-insulated companies. Jefferson is offering 625,000 shares in the IPO, while selling stockholders, including J.C. Flowers, are putting up about 9.4 million shares. Founded in 2002, the Minneapolis, Minn.-based company purchases and manages charged-off and bankruptcy receivables with operations mainly in the U.S., Canada, the U.K. and Latin America. It expanded into Canada with the acquisition of debt buyer Canaccede Financial Group in 2020. The company had net income of $128.9 million and revenue of $433.3 million in 2024, up 15.6 and 34.1 per cent, respectively, over the year earlier. Jefferson competes against PRA Group, Encore Capital Group, Resurgent Capital Services and Cavalry Portfolio Services in its core U.S. market. Investment firm J.C. Flowers had acquired Jefferson from buyout firm Flexpoint Ford in 2018. Jefferson will list on the Nasdaq under the symbol JCAP. Jefferies and Keefe, Bruyette & Woods are the lead underwriters for the offering. J.C. Flowers will own about 68.9 per cent of Jefferson after the offering. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar)
Yahoo
a day ago
- Business
- Yahoo
Jefferson Capital Announces Launch of Initial Public Offering
MINNEAPOLIS, June 13, 2025 /PRNewswire/ -- Jefferson Capital, Inc. ("Jefferson Capital"), a leading analytically driven purchaser and manager of charged-off and insolvency consumer accounts, today announced that it has commenced the roadshow for its proposed underwritten initial public offering of its common stock. The proposed offering consists of 625,000 shares of common stock offered by Jefferson Capital and 9,375,000 shares of common stock offered by certain existing stockholders. In addition, the underwriters of the offering will have a 30-day option to purchase from the selling stockholders up to 1,500,000 additional shares of common stock at the initial public offering price, less underwriting discounts and commissions. The initial public offering price is expected to be between $15.00 and $17.00 per share. Jefferson Capital expects that its common stock will be approved for listing, subject to notice of issuance, on the Nasdaq Global Select Market under the ticker symbol "JCAP." Jefferson Capital will not receive any proceeds from the sale of shares by the selling stockholders. Jefferies and Keefe, Bruyette & Woods, A Stifel Company, are acting as joint-lead book-running managers for the proposed offering. Citizens Capital Markets, Raymond James, Truist Securities, Capital One Securities, DNB Carnegie, Regions Securities LLC and Synovus are acting as book-running managers for the proposed offering. FHN Financial Securities Corp. and ING Financial Markets LLC are acting as co-managers for the proposed offering. The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained, when available, from: Jefferies LLC, at Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, New York, NY 10022, by telephone at 877-821-7388, or by email at prospectus_department@ or Keefe, Bruyette & Woods, Inc. by telephone at (800) 966-1559, or by e-mail at USCapitalMarkets@ A registration statement on Form S-1 relating to the proposed sale of these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Use of Forward-Looking Statements This press release may contain "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. Readers are cautioned not to place undue reliance on these forward-looking statements and any such forward-looking statements are qualified in their entirety by reference to the following cautionary statements. All forward-looking statements speak only as of the date of this press release and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause the actual results to differ materially from such forward-looking statements. About Jefferson Capital, Inc. Founded in 2002, Jefferson Capital is an analytically driven purchaser and manager of charged-off and insolvency 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 Contact: Christo RealovIR@ Press Contact: Matthew View original content: SOURCE Jefferson Capital Sign in to access your portfolio
Reuters
a day ago
- Business
- Reuters
JC Flowers-backed Jefferson Capital targets $1.1 billion valuation in US IPO
June 13 (Reuters) - Private equity-backed Jefferson Capital is targeting a valuation of up to $1.1 billion in its initial public offering in the United States, the debt buyer said on Friday. The Minneapolis, Minnesota-based company and some of its existing shareholders are seeking to raise up to $170 million by offering 10 million shares priced between $15 and $17 each. Investment firm J.C. Flowers had acquired Jefferson Capital from buyout firm Flexpoint Ford in 2018. Jefferson Capital will list on the Nasdaq under the symbol "JCAP". Jefferies and Keefe, Bruyette & Woods are the lead underwriters for the offering.
