Willkie Farr & Gallagher LLP
09/12/2025 | News release | Distributed by Public on 09/12/2025 11:20
Willkie Advises Atlanticus on Acquisition of Mercury Financial
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Willkie Advises Atlanticus on Acquisition of Mercury Financial
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September 12, 2025
Willkie represented Atlanticus Holdings Corporation (NASDAQ: ATLC) in its acquisition of Mercury Financial LLC, a leading credit card platform utilized by bank partners to provide credit cards to near-prime consumers in the U.S. The firm advised Atlanticus on securitization aspects of the transaction.
On September 11, Atlanticus announced that it acquired Mercury Financial for approximately $162 million in cash, plus potential future earn-out payments. Mercury Financial is now a wholly owned subsidiary of Atlanticus.
As a result of the transaction, Atlanticus added 1.3 million credit card accounts serviced and $3.2 billion in credit card receivables, bringing its total serviced accounts to over 5 million and its total managed receivables to over $6 billion. The transaction further facilitates Atlanticus' extension of its industry-leading credit expertise, program management capabilities, and technology to new partners.
Atlanticus Holdings Corporation invests in businesses primarily focused in the financial services industry.
The Willkie team was led by partner Adam True and counsel Reagan Beck with associate Zanudeen Makorie.
On September 11, Atlanticus announced that it acquired Mercury Financial for approximately $162 million in cash, plus potential future earn-out payments. Mercury Financial is now a wholly owned subsidiary of Atlanticus.
As a result of the transaction, Atlanticus added 1.3 million credit card accounts serviced and $3.2 billion in credit card receivables, bringing its total serviced accounts to over 5 million and its total managed receivables to over $6 billion. The transaction further facilitates Atlanticus' extension of its industry-leading credit expertise, program management capabilities, and technology to new partners.
Atlanticus Holdings Corporation invests in businesses primarily focused in the financial services industry.
The Willkie team was led by partner Adam True and counsel Reagan Beck with associate Zanudeen Makorie.
Adam True Partner Corporate & Financial Services New York [email protected] +1 212 728 3817
Reagan Beck Counsel Corporate & Financial Services Washington [email protected] +1 202 303 1075
Zanudeen Makorie Associate Finance New York [email protected] +1 212 728 3946
Related Practice Areas
Corporate & Financial Services Mergers & Acquisitions Structured Finance & Derivatives Financial Services
Related Locations
New York
787 Seventh Avenue
New York , NY 10019-6099
Washington
1875 K Street, N.W.
Washington , DC 20006-1238
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