Add-on Acquisition • Financial Services

CURO Acquires First Heritage Credit

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

Acquisition Context
  • 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.

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M&A Deal Summary

Date July 13, 2022
Target First Heritage Credit
Sector Financial Services
Buyer(s) CURO
Deal Type Add-on Acquisition
Deal Value 140M USD
Advisor(s) Stephens (Financial)
Butler Snow (Legal)

Target Company

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,
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Buyer Overview 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 Context for Buyer #
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