.
MergerLinks Header Logo

New Deal


Announced

Completed

Simply Group Acquisition completed the acquisition of Dealnet Capital for $166m.

Financials

Edit Data
Transaction Value£122m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales23x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

commercial funding

banking

alternative financing

Private

Acquisition

Majority

Canada

consumer lending

Domestic

Single Bidder

Consumer Lending

Completed

Private Equity

Synopsis

Edit

Simply Group Acquisition, a provider of financing solutions, completed the acquisition of Dealnet Capital, a consumer and commercial lending solutions provider, for $166m. “The Dealnet acquisition is highly strategic, and complementary to our business. With Dealnet on board we have further cemented our competitive advantage in the home improvement financing space. Our unprecedented dealer network will have access to a best-in-class suite of financing products and a significantly improved digital application experience," Lawrence Krimker, Simply Group Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US