J.C. Flowers & Co. is set to maintain its majority ownership in Jefferson Capital as the debt-buying firm files for a US IPO targeting a valuation of up to $1.1bn.

Jefferson Capital will offer 10m shares priced between $15 and $17, aiming to raise $170m, with approximately 9.4m of those shares coming from selling stockholders, including J.C. Flowers. The move signals a rare flotation in the debt buyer industry and underscores growing momentum in the US listings market.

Headquartered in Minneapolis, Jefferson Capital manages charged-off and bankruptcy receivables and operates across North America, the UK, and Latin America. Since acquiring the company in 2018 from Flexpoint Ford, J.C. Flowers has overseen its expansion, including the 2020 acquisition of Canadian firm Canaccede Financial Group.

In 2024, Jefferson posted $433.3m in revenue and $128.9m in net income, marking year-on-year increases of 34.1% and 15.6% respectively. Following the IPO, J.C. Flowers will retain approximately 68.9% ownership.

Jefferies and Keefe, Bruyette & Woods are acting as lead underwriters for the offering. Jefferson will list on the Nasdaq under the ticker symbol “JCAP”.

The planned IPO reflects a broader trend of private equity firms turning to public markets to monetise investments and capitalise on stronger market conditions.

Source: Reuters

If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com. 

Can`t stop reading? Read more.