17/06/2025
We're delighted to have helped with the £291.7m cross-border cash takeover of H&T Group by FirstCash Holdings Inc.
H&T - the UK-based pawnbrokers' chain and jewellery retailer - said the cash offer values each H&T at 650 pence, valuing the business at £297.1m on a fully diluted basis and implying an enterprise value of £351m.
FirstCash Holdings operates more than 3,000 pawn stores in 29 US states and in Latin America. The Texas-based business also provides lease-to-own and retail finance payment solutions for consumer goods and services.
FirstCash said H&T represents a "compelling opportunity" to expand its operations into the UK, while H&T believes the offer "represents an attractive opportunity for shareholders to realise the full value of their investment in cash and at a level that fairly reflects H&T's prospects".
H&T Chief Executive Chris Gillespie said: "The acquisition has a compelling strategic rationale, bringing together two businesses with complementary offerings focussed on the values and benefits of their customers."
Our thanks to our wonderful clients at H&T Group, Canaccord Genuity and Gowling WLG.
To find out how we can help with your most important M&A corporate actions, chat with us today: hello@blackandcallow.com
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