A consortium of investors completed the acquisition of a minority stake in CardWorks.

A consortium of investors including Pacific Investment Management, Parthenon Capital Partners and Reverence Capital Partners, completed the acquisition of a minority stake in CardWorks, a consumer lending services provider. Financial terms were not disclosed. "CardWorks has always been a people-based business. Founded 30 years ago and built on the principle of doing the right thing by our employees, customers and clients, CardWorks has leveraged a combination of human capital, culture, technology, and analytics to build a tremendous franchise. We look forward to an exciting future with our new shareholders, who will each be a value-added strategic partner as we continue to grow our business," Don Berman, CardWorks Founder and CEO.