m_and_a
confidence high
sentiment positive
materiality 0.90
FirstCash completes $383M acquisition of H&T Group, becoming UK's leading pawnbroker
FirstCash Holdings, Inc.
- Total consideration including assumed net debt of £64M ($85M) values H&T at ~$468M; financed via revolving credit facility.
- H&T operates 286 UK pawn stores; combined entity now has over 3,300 locations and ~$4B pro forma revenue.
- H&T FY2025 stand-alone guidance: revenue $315-340M, net income $35-38M, EBITDA $60-65M (USD).
- EPS accretion for FirstCash from H&T for rest of 2025 estimated at $0.20-$0.25 per share after borrowing costs.
- Bridge loan credit agreement terminated after funding with revolver; acquisition immediately accretive to earnings.
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