M&A Deal Summary

CURO Acquires Ad Astra Recovery Services

On December 16, 2019, CURO acquired financial services company Ad Astra Recovery Services for 16M USD

Acquisition Highlights
  • This is CURO’s 1st transaction in the Financial Services sector.
  • This is CURO’s 4th largest (disclosed) transaction.
  • This is CURO’s 1st transaction in the United States.
  • This is CURO’s 1st transaction in Kansas.

M&A Deal Summary
Date 2019-12-16
Target Ad Astra Recovery Services
Sector Financial Services
Buyer(s) CURO
Deal Type Add-on Acquisition
Deal Value 16M USD

Target

Ad Astra Recovery Services

Wichita, Kansas, United States
Ad Astra Recovery Services, Inc. provides third-party account servicing and recovery services. Ad Astra Recovery Services, Inc. is based in Wichita, Kansas.

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Buyer(S) 1

Buyer

CURO

Wichita, Kansas, United States
Category Company
Founded 1997
Sector Financial Services
Revenue 776M USD (2022)
DESCRIPTION

CURO is a consumer finance company providing alternative financial services focused on serving unbanked and underbanked customers in the U.S. and Canada. CURO was founded in 1997 and is based in Wichita, Kansas.

DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 3
Type (Add-on Acquisition) 1 of 4
State (Kansas) 1 of 1
Country (United States) 1 of 3
Year (2019) 1 of 1
Size (of disclosed) 4 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Flexiti Financial

Toronto, Ontario, Canada

Flexiti is a Canadian fintech company that offers financing options on a private label credit card that makes shopping simple for consumers and retailers. Flexiti approval process is quick, payment options are flexible, and customers can shop at any retailer in the Flexiti Network.

Buy $121M
Mergr

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Company

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