Jefferson Capital Systems, LLC has closed the acquisition of Canaccede Financial Group. The acquisition consequently expands Jefferson Capital’s global footprint and strengthens Canaccede’s reach in the Canadian consumer debt solutions space.
Jefferson Capital is a purchaser and servicer of consumer charged off and bankruptcy receivables in the U.S. and in the U.K., while Canaccede is the largest buyer of charged off consumer receivables and insolvencies in Canada.
J.C. Flowers & Co., the principal shareholder of Jefferson Capital, is a private investment firm focusing on the financial services industry. J.C. Flowers provides portfolio management, financial, investment strategy and advisory services to customers in the U.S. and in the U.K.
Stikeman Elliott LLP lawyers John Leopold and Warren Silversmith acted as the lead lawyers for Jefferson Capital.
Miller Thomson LLP acted for the sellers, with lead lawyers Jay Hoffman and Max Spearn.