J.G. Wentworth Operator Files to Raise $200 Million U.S. IPO

JGWPT Holdings Inc., the firm that offers cash for settlements under the J.G. Wentworth brand, filed to raise $200 million in an initial public offering.

The figure is a placeholder amount used to calculate fees, and may change, according to a regulatory filing today. Barclays Plc and Credit Suisse Group AG are leading the sale, and JGWPT plans to apply to list Class A shares on the New York Stock Exchange under the symbol JGW, the filing shows.

JGWPT is owned by private-equity firm JLL Partners Inc. Wentworth converts regular streams of income, such as legal settlements or annuities, into lump-sum payments. JGWPT buys rights to future payments from individuals, then packages them as securities and sells them to investors.

The Radnor, Pennsylvania-based firm, known for television ads that declare “It’s my money and I need it now,” had weighed a possible sale last year, people with knowledge of the matter said then. The firm abandoned that process after bids failed to meet expectations, deciding instead to explore an IPO or a dividend recapitalization, people familiar with the matter said in January.

To contact the reporter on this story: Julie Alnwick in New York at jalnwick@bloomberg.net

To contact the editor responsible for this story: Jeffrey McCracken at jmccracken3@bloomberg.net

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