CompuCredit Sells Jefferson Capital For $130.5 Mln - Quick Facts

8/3/2012 5:34 PM ET

CompuCredit Holdings Corp.(CCRT: Quote) announced that it has sold its charged-off debt buying operations, Jefferson Capital, to Flexpoint Fund II, L.P. for $130.5 million, of which $10.8 million will be received by CompuCredit if certain performance targets are met by December 31, 2014.

Raymond James acted as financial advisor to CompuCredit and Troutman Sanders LLP acted as its legal counsel.

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by RTT Staff Writer

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