M&A Deal Summary

CURO Acquires First Heritage Credit

On July 13, 2022, CURO acquired financial services company First Heritage Credit for 140M USD

Acquisition Highlights
  • This is CURO’s 3rd transaction in the Financial Services sector.
  • This is CURO’s 2nd largest (disclosed) transaction.
  • This is CURO’s 3rd transaction in the United States.
  • This is CURO’s 1st transaction in Mississippi.

M&A Deal Summary
Date 2022-07-13
Target First Heritage Credit
Sector Financial Services
Buyer(s) CURO
Deal Type Add-on Acquisition
Deal Value 140M USD
Advisor(s) Stephens Investment Banking (Financial)
Butler Snow (Legal)

Target

First Heritage Credit

Ridgeland, Mississippi, United States
First Heritage Credit offers short- and long-term personal loans designed to provide its customers with a convenient and dependable source for additional cash when they need it. First Heritage Credit is based in Ridgeland, Mississippi, with offices and branch locations in the states of Alabama, Louisiana, Mississippi, South Carolina, and Tennessee,

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 4 of 4
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Mississippi) 1 of 1
Country (United States) 3 of 3
Year (2022) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-17 Heights Finance

Greenville, South Carolina, United States

Heights Finance is a consumer finance company that provides attractive, easy-to-understand installment loan and related insurance products primarily to customers with limited access to credit from banks and credit card companies. Heights Finance was founded in 1953 and is based in Greenville, South Carolina.

Buy $360M
Mergr

Product

Company

Legal