TROUTMAN SANDERS partners W. Brinkley Dickerson Jr. and Andrea M. Farley advised CompuCredit Corp. on its acquisition of two separate auto-loan assets in California.
CompuCredit on Feb. 2 purchased ACC Consumer Finance LLC of San Diego. In a related move, CompuCredit the same day acquired a $195 million auto loan portfolio from Patelco Credit Union of San Francisco. CompuCredit paid a total of $168.5 million in cash and debt for the two acquisitions. CompuCredit disclosed the two transactions in its annual report, which was filed with the Securities and Exchange Commission on Feb. 28.
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