Jefferson Capital Systems, LLC /
Bluestem
Jefferson Capital Systems to buy Bluestem credit card assets
Source for the buyer and target: Jefferson Capital, Inc.
For the buyer and target.
“On October 27, 2025, Jefferson Capital, Inc. (the “Company”) announced that its wholly owned subsidiary, Jefferson Capital Systems, LLC (“Buyer”), entered into an Asset Purchase Agreement (the “Asset Purchase Agreement”) on October 24, 2025 with BLST Holding Company LLC, BLST Operating Company, LLC, BLST FinCo, LLC and BLST FinCo SubCo, LLC (collectively, “Bluestem” or the “Sellers”) to acquire certain assets related to Sellers’ credit card business (the “Transaction”).”
Published 29 Oct 2025
Open the sourceWhat happened
Jefferson Capital Systems, LLC agreed to acquire certain assets related to Bluestem’s credit card business from four named sellers. The purchase includes a revolving credit card receivables portfolio and related assets. [01]
The gross purchase price is $302.8 million, subject to customary adjustments. The transaction’s closing is subject to customary conditions and is expected in the fourth quarter of 2025. [01]
The source
Everything on this page comes from the source below, quoted word for word.
Jefferson Capital Systems to buy Bluestem credit card assets
This document is the source for the companies, stage, figure and people on this page.
Open the sourceTimeline
Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.
Expected close
“The transaction’s closing is subject to customary conditions and is expected in the fourth quarter of 2025”
Open the source
The same firms, in other deals
The firms' deal history and connections across other deals.
These firms' full profiles are part of Pro.
Get ProAlready a member? Sign in
Pro is open to everyone.
By email · Weekly