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››King & Spalding Pilots CURO’s 360M $ Heights Finance Buy

King & Spalding Pilots CURO’s 360M $ Heights Finance Buy

By Victor Carollo
November 17, 2021
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By Charlie Innis (Nov 17, 2021, 3:28 p.m. EST) – CURO, a lending platform guided by King & Spalding LLP, on Wednesday announced plans to buy Troutman Pepper-led Heights Finance from a private equity firm for $ 360 million to expand its customer base.

The agreement provides that CURO Group Holdings Corp. is buying Heights Finance, a consumer finance company, for $ 335 million in cash and $ 25 million in CURO common stock from Pennsylvania-based Milestone Partners, according to an announcement.

The acquisition would bring the largely privileged and non-privileged clients of Heights Finance into CURO’s fold. Based in South Carolina, Heights Finance provides installment loans and other offers to clients of …

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Tagsinstallment loans