M&A Deal Summary |
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Date | 2020-12-20 |
Target | Acima Credit |
Sector | Financial Services |
Buyer(s) | Rent-A-Center |
Deal Type | Add-on Acquisition |
Deal Value | 1.3B USD |
Advisor(s) | FTP Securities LLC (FT Partners) (Financial) Wachtell, Lipton, Rosen & Katz (Legal) |
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Category | Company |
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Founded | 1986 |
Sector | Retail |
Employees | 12,970 |
Revenue | 4.0B USD (2023) |
Rent-A-Center is focused on improving the quality of life for its customers by providing them the opportunity to obtain ownership of high-quality, durable products such as consumer electronics, appliances, computers, furniture and accessories, under flexible rental purchase agreements with no long-term obligation. The Company owns and operates approximately 2,400 stores in the United States, Mexico, Canada and Puerto Rico, and approximately 1,250 Acceptance Now kiosk locations in the United States and Puerto Rico. Rent-A-Center Franchising International, Inc., a wholly owned subsidiary of the Company, is a national franchiser of approximately 250 rent-to-own stores operating under the trade names of “Rent-A-Center,” “ColorTyme,” and “RimTyme.” Rent-A-Center was founded in 1960 and is based in Plano, Texas
DEAL STATS | # |
---|---|
Overall | 5 of 5 |
Sector (Financial Services) | 1 of 1 |
Type (Add-on Acquisition) | 5 of 5 |
State (Utah) | 1 of 1 |
Country (United States) | 5 of 5 |
Year (2020) | 1 of 1 |
Size (of disclosed) | 1 of 4 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2019-07-15 |
Merchants Preferred
Atlanta, Georgia, United States C/C Financial Corp. is a nationwide provider of virtual rent-to-own services for non-prime customers. Merchants Preferred’s advanced technology, back office infrastructure and outstanding service enable competitive customer and retailer value propositions. C/C Financial Corp. was founded in 2011 and is based in Atlanta, Georgia. |
Buy | $48M |