.
MergerLinks Header Logo

Announced

FirstCash to acquire American First Finance for $1.47bn.

Financials

Edit Data
Transaction Value£1,069m
Consideration TypeCash, Contingent Deferred Consideration, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales4.2x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

financial technology

United States

Private

Single Bidder

Acquisition

Friendly

Majority

Domestic

FinTech

Pending

Synopsis

Edit

FirstCash, the international operator of pawn stores with more than 2.8k retail pawn and consumer lending locations in 25 US states, agreed to acquire American First Finance, a consumer financial technology company that provides alternatives to traditional retail lending and designs solutions to support both businesses and their financially underserved or overlooked customers, for $1.47bn. “Since our founding more than 30 years ago and through the merger of First Cash and Cash America in 2016, we have successfully executed on our growth strategy and established FirstCash as a leading retailer and provider of financial services to underserved consumers, while delivering significant value to shareholders. Building on the complementary strengths of FirstCash and American First Finance, this transaction diversifies us beyond our core pawn business with the addition of a fast-growing segment that significantly expands our customer base and introduces a scalable, technology-driven product set into our organization,” Rick Wessel, FirstCash CEO and Vice-Chairman of the Board.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US