Announced
Completed
Financials
Tags
Single Bidder
Majority
Consumer Lending
Public
Friendly
credit solutions
United States
Domestic
Acquisition
Completed
Private Equity
Synopsis
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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