M&A Deal Summary

Simply Group Acquires Dealnet Capital

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2020-11-26
Target Dealnet Capital
Sector Financial Services
Buyer(s) Simply Group
Deal Type Add-on Acquisition

Target

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.

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

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 STATS #
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
Mergr

Product

Company

Legal