Add-on Acquisition • Financial Services

Simply Group Acquires Dealnet Capital

On November 26, 2020, Simply Group acquired financial services company Dealnet Capital

Acquisition Context

This is Simply Group’s 1st transaction in the Financial Services sector.
This is Simply Group’s 3rd transaction in Canada.
This is Simply Group’s 2nd transaction in Ontario.

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M&A Deal Summary
Date	November 26, 2020
Target	Dealnet Capital
Sector	Financial Services
Buyer(s)	Simply Group
Deal Type	Add-on Acquisition

Target Company

Dealnet Capital

Toronto, Ontario, Canada

Dealnet is the parent company of subsidiaries operating in two market segments, consumer finance and call center. The Company operates in the consumer finance segment in Canada through EcoHome Financial Inc. (“EcoHome”) and its call center segment under the One Contact banner (“One Contact”). Dealnet Capital was founded in 1986 and is based in Toronto, Ontario.

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Buyer Overview 1

Buyer

Simply Group

Toronto, Ontario, Canada

Category	Company
Founded	2013
Sector	Business Services

DESCRIPTION

Simply Group provides consumers and businesses with financing solutions that afford them greater flexibility not only to achieve improved energy efficiency but also to modernize their residential, commercial, and industrial properties and projects. Simply Group was formed in 2013 and is based in Toronto, Ontario.

Deal Context for Buyer	#
Overall	3 of 3
Sector: Financial Services	1 of 1
Type: Add-on Acquisition	2 of 2
State: Ontario	2 of 2
Country: Canada	3 of 3
Year: 2020	3 of 3

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2020-10-14	SNAP Financial Group Vancouver, British Columbia, Canada SNAP Financial Group is focused on being a fast, fair & friendly payment solutions partner. The company provides quick approvals, reasonable and responsible interest rates, and supportive customer experience. SNAP was formed in 2006 and is headquartered in Vancouver, British Columbia with additional offices in Toronto, Ontario, and West Des Moines, Iowa.	Buy	$511M

DATE

TARGET

DEAL TYPE

VALUE

2020-10-14

SNAP Financial Group

Vancouver, British Columbia, Canada

SNAP Financial Group is focused on being a fast, fair & friendly payment solutions partner. The company provides quick approvals, reasonable and responsible interest rates, and supportive customer experience. SNAP was formed in 2006 and is headquartered in Vancouver, British Columbia with additional offices in Toronto, Ontario, and West Des Moines, Iowa.

Buy

$511M

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