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New Deal


Announced

Questrade Financial Group to acquire FLX Holding from CURO Group Holdings for CAD55m.

Financials

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Transaction Value£32m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Canada

FinTech

financing solutions

Domestic

Acquisition

Private

Single Bidder

Majority

Pending

Synopsis

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Questrade Financial Group, an online brokerage and wealth management firm, agreed to acquire FLX Holding, sales financing provider from CURO Group Holdings, a consumer lending company, for CAD55m. “We are pleased that completion of this transaction will allow us to increase our focus on our core Direct Lending business in both the US and Canada. After reviewing multiple options, we concluded this transaction offers compelling value to CURO, while better positioning Flexiti with Questrade as its partner. We appreciate the contributions the Flexiti team has made to CURO and wish them success in the future,” Doug Clark, CURO CEO.

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