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New Deal


Announced

Completed

Park Cities completed the acquisition of Elevate for $67m.

Financials

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Transaction Value£56m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Majority

Consumer Lending

Public

Friendly

credit solutions

United States

Domestic

Acquisition

Completed

Private Equity

Synopsis

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Park Cities, an alternative investment firm, completed the acquisition of Elevate, a provider of online credit solutions, for $67m. “From the beginning, Elevate has strived to be the most trusted and preferred alternative credit provider for the ‘New Middle Class’—the more than 100m credit constrained Americans. I am excited to build on our partnership with Park Cities and continue our work as a leader and innovator in the non-prime market. I look forward to working with the Park Cities leadership team and believe the Company will greatly benefit from their expertise and comprehensive understanding of the credit landscape," Jason Harvison, Elevate CEO.

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