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Announced

Completed

goeasy completed the acquisition of LendCare from CIVC Partners for $260m.

Financials

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Transaction Value£188m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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financing solutions

Private Equity

Consumer Lending

Friendly

Acquisition

Completed

Private

Majority

Domestic

Canada

Single Bidder

Synopsis

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goeasy, a full-service provider of goods and alternative financial services, completed the acquisition of LendCare Holdings, a Canadian point-of-sale consumer finance and technology company, from CIVC Partners, a private equity firm, for $260m. "The closing of the acquisition of LendCare marks a major milestone on our journey to become the leading provider of non-prime consumer credit in Canada. By widening our range of near-prime products and adding new industry verticals to our point-of-sale lending channel, we accelerate our growth and expand our addressable portion of the $200 billion non-prime consumer credit market,” Jason Mullins, goeasy President & CEO.

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