Simply Group completes the acquisition of Home Capital Group's point-of-sale retail lending portfolio for $71m.

Simply Group Acquisition, a provider of financing solutions, completed the acquisition of Home Capital Group, a federally regulated trust company offering residential and non-residential mortgage lending, securitization of residential mortgage products, consumer lending and credit card services, point-of-sale retail lending portfolio, for $71m. “We concluded in December 2019 that the point-of-sale retail lending business was non-core.” Yousry Bissada, Home Capital Chief Executive Officer.