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    Home»Deals & Transactions»Milestone Partners sells Heights Finance to CURO in $360m deal
    Deals & Transactions

    Milestone Partners sells Heights Finance to CURO in $360m deal

    December 29, 20211 Min Read
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    CURO Group Holdings Corp., a tech-enabled, omni-channel consumer finance company serving non-prime and prime consumers in the U.S. and Canada, today announced that it has completed its previously announced acquisition of Heights Finance, a consumer finance company that provides installment loans and offers customary opt-in insurance and other financial products, from Milestone Partners, a private equity firm. Total consideration of $360 million is comprised of $335 million cash and $25 million of CURO common stock.

    As previously announced, the transaction is anticipated to be immediately accretive to CURO’s earnings. The acquisition’s aggregate purchase price of $360 million represents 6.5x Heights Finance’s 2022 estimated adjusted earnings before taxes of $55 million.

    CURO’s management team plans to discuss its quarterly and annual results and business outlook during its fourth quarter 2021 earnings conference call, which will be scheduled in January 2022.

    Read more/Source: Business Wire

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