Announced
Completed
Financials
Tags
financing solutions
Private Equity
Consumer Lending
Friendly
Acquisition
Completed
Private
Majority
Domestic
Canada
Single Bidder
Synopsis
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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