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Announced

Completed

CURO completed the acquisition of Heights Finance from Milestone Partners for $360m.

Financials

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Transaction Value£268m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Consumer Lending

consumer finance

Private Equity

Single Bidder

United States

Acquisition

Friendly

Private

Domestic

Majority

Completed

Synopsis

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CURO, a technology-enabled consumer finance company, completed the acquisition of Heights Finance, a provider of installment loans and related products, from Milestone Partners, a private equity firm, for $360m. “By adding Heights Finance’s established base of customers, seasoned loan portfolio and significant branch network, we will solidify our position as a full spectrum non-prime consumer lender in the US. The combination diversifies the product, revenue, customer and geographic mix for our US business and enhances our overall growth, profitability and risk profiles. The transaction brings together two complementary businesses that similarly prioritize credit, risk analytics and regulatory compliance," Don Gayhardt, CURO CEO.

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