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.
