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Liberty Tax and LoanMe went public via a SPAC merger with NextPoint Acquisition in a $354m deal.

Synopsis

Liberty Tax, a nationwide tax return preparation and related services firm, and LoanMe, a tech-enabled consumer and small business lender, went public via a SPAC merger with NextPoint Acquisition, a publicly traded special purpose acquisition corporation, in a $354m deal. "In just over a year from establishing this SPAC, we have closed two acquisitions that immediately create a financial services company with scale and opportunities for synergistic growth. With a management team and board comprised of proven executives and operators across the financial services, digital and retail sectors, we have very quickly created an organization that is set to impact how financial services are delivered to North America consumers and small businesses," Andy Neuberger, NextPoint Chairman.

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