M&A Deal Summary

NextPoint Acquires  Liberty Tax

On February 22, 2021, NextPoint acquired business services company  Liberty Tax from Franchise Group for 252M USD

Acquisition Highlights
  • This is NextPoint’s 1st transaction in the Business Services sector.
  • This is NextPoint’s largest (disclosed) transaction.
  • This is NextPoint’s 2nd transaction in the United States.
  • This is NextPoint’s 1st transaction in Virginia.

M&A Deal Summary

Date 2021-02-22
Target  Liberty Tax
Sector Business Services
Buyer(s) NextPoint
Sellers(s) Franchise Group
Deal Type Divestiture
Deal Value 252M USD

Target

 Liberty Tax

Virginia Beach, Virginia, United States
Liberty Tax is a nationwide tax return preparation and related services firm that offers services through online solutions. Liberty Tax was formed in 1997 and is based in Virginia Beach, Virginia.

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Buyer(S) 1

Buyer

NextPoint

Vancouver, British Columbia, Canada

Category Company
Founded 2020
Sector Financial Services
DESCRIPTION

Formed in 2020, NextPoint is a provider of financial services to clients based in Vancouver, Canada.


DEAL STATS #
Overall 2 of 2
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 2 of 2
Year (2021) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-22 LoanMe

Anaheim, California, United States

Founded in 2014, LoanMe is a tech-enabled, consumer and small business lender that has originated over US$2 billion of loans to more than 340,000 borrowers. Its current product suite includes consumer installment loan offerings of between US$1,000 and US$20,000, and small business and merchant cash advance loans up to US$100,000.

Buy $102M

Seller(S) 1

SELLER

Franchise Group

Virginia Beach, Virginia, United States

Category Company
Founded 2010
Sector Consumer Services
Employees4,758
Revenue 2.2B USD (2020)
DESCRIPTION

Franchise Group is a growing North American tax preparation company with over 2,800 stores open in the U.S. and Canada during the 2008 tax season. Franchise Group was founded in 2010 and is based in Virginia Beach, Virginia.


DEAL STATS #
Overall 1 of 3
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 3
State (Virginia) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 Pet Supplies Plus

Livonia, Michigan, United States

Pet Supplies Plus is a pet specialty retailer in the United States by total system sales, providing a wide variety of pet food, treats, hard goods and services for dogs, cats, and small animals. Pet Supplies Plus was founded in 1988 and is based in Livonia, Michigan.

Buy $700M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-27 Sylvan Learning

Towson, Maryland, United States

Sylvan Learning is a tutoring franchisor for Pre-K-12 students and families in the U.S. The company addresses the full range of student needs with a broad variety of academic curriculums delivered in an omnichannel format. It has a growing footprint and currently has more than 700 locations, in 49 states, including more than 560 physical centers, of which all but six are franchised. Sylvan’s omnichannel platform has helped deliver attractive unit economics to its franchisees. The platform provides franchisees with the ability to provide a range of services, including on-premises, online, one-on-one, and in-group tutoring. Sylvan Learning was founded in 1979 and headquartered in Towson, Maryland.

Buy $81M