Announced
Completed
Financials
Tags
Consumer Lending
consumer finance
Private Equity
Single Bidder
United States
Acquisition
Friendly
Private
Domestic
Majority
Completed
Synopsis
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.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.