CURO Closes USD 360m Acquisition of Heights Finance.
MANews-(C)2009-2021
Kansas, US-based omni-channel consumer finance company CURO Group Holdings Corp. (NYSE: CURO) has closed the acquisition of consumer finance company Heights Finance from Pennsylvania, US-based private equity firm Milestone Partners, for USD 360m, the company said.
Total consideration is comprised of USD 335m cash and USD 25m of CURO common stock.
Heights Finance primarily serves near-prime and non-prime customers through a network of 390 branches across 11 southern and mid-western states. The acquisition is expected to accelerate CURO's transition into longer-term, higher balance and lower rate credit products.
The combination diversifies the product, revenue, customer and geographic mix...
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