Jefferson Capital Acquires Canaccede Financial Group

March 10, 2020

Jefferson Capital Systems has acquired Canaccede Financial Group, the largest buyer of charged-off consumer receivables and insolvencies in Canada, to expand its consumer receivables purchasing and servicing footprint into Canada. Scott Coffin was named CEO of Canaccede, co-founder Andy Szemenyei will join Jefferson Capital's board, and Jefferson Capital's founder David M. Burton will join Canaccede's board.

Buyers
Jefferson Capital Systems, LLC
Targets
Canaccede Financial Group
Location
Ontario, Canada
Transaction Type
Buyout

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