M&A Deal Summary

Simply Group Acquires SNAP Financial Group

On October 14, 2020, Simply Group acquired information technology company SNAP Financial Group from FFL Partners for 511M USD

Acquisition Highlights
  • This is Simply Group’s 1st transaction in the Information Technology sector.
  • This is Simply Group’s largest (disclosed) transaction.
  • This is Simply Group’s 2nd transaction in Canada.
  • This is Simply Group’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2020-10-14
Target SNAP Financial Group
Sector Information Technology
Buyer(s) Simply Group
Sellers(s) FFL Partners
Deal Type Add-on Acquisition
Deal Value 511M USD

Target

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.

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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 2 of 3
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (British Columbia) 1 of 1
Country (Canada) 2 of 3
Year (2020) 2 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-03 Home Capital Group - Point-of-Sale Retail Lending Portfolio

Toronto, Ontario, Canada

Home Capital Group, Inc. - Point-of-Sale Retail Lending Portfolio includes home improvement and bulk food loan businesses, previously carried on through its subsidiary.

Buy $71M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-26 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.

Buy -

Seller(S) 1

SELLER

FFL Partners

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 5.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

FFL Partners (formerly known as Friedman Fleischer & Lowe) is a private equity group focused on majority and minority investments in North American middle-market companies. Prospective businesses generally have revenues of $30 to $400 million and are valued between $50 and $300 million. Target situations include ownership restructurings in closely-held and family-owned companies, management buyouts, PIPEs, growth equity fundings, take privates, special situations, and recapitalizations. Sectors of interest include outsourced business services, education and training, marketing and media, consumer products, healthcare, and financial services. FFL Partners was formed in 1997 and is based in San Francisco.

DEAL STATS #
Overall 23 of 31
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 6 of 9
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2020) 3 of 4
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-21 U.S. Orthopedic Partners

Alpharetta, Georgia, United States

U.S. Orthopedic Partners is a full-service, integrated orthopedic care platform that provides the full continuum of musculoskeletal treatment to patients in the Southeastern U.S. Supported by the group diversified orthopedic sub-specialties, ultramodern ambulatory surgery center(s), fellowship training programs, and comprehensive suite of ancillary services – advanced imaging, rehabilitation, pain management, urgent care, pharmacy, and sports medicine. U.S. Orthopedic Partners was founded in 2020 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Midwest Dental

Mondovi, Wisconsin, United States

Midwest Dental, Inc. is a provider of business management services for dental offices serving communities throughout the Midwest. Dental practices affiliated with Midwest Dental offer a comprehensive range of treatment services including preventive, cosmetic, restorative, and reconstructive dentistry for adults and children. Midwest Dental was formed in 1968 and is based in Mondovi, Wisconsin.

Sell -
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