UPBOUND GROUP, INC. (UPBD): M&A transaction — Upbound closes $279M cash and stock acquisition of fintech Brigit; adds 1M+ paid subscribers

UPBOUND GROUP, INC.

Acquisition of Brigit completed on Jan 31, 2025; total closing consideration includes ~$278.7M cash and ~2.69M shares of UPBD common stock.
Additional deferred consideration of $75M payable over two years and up to $60M in earnout based on 2026 performance.
Combined company serves ~4 million active customers, including Brigit's 1M+ paid subscribers and 1M free subscribers.
Brigit's cash-flow underwriting tech expected to enhance risk management and customer approvals across Upbound's brands.
Brigit co-founders Zuben Mathews and Hamel Kothari to continue leading Brigit as a business segment of Upbound.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

UPBOUND GROUP, INC. completed an acquisition involving Bridge IT, Inc. (Brigit) for aggregate closing cash consideration equal to approximately $278.67 million (closed 2025-01-31).

Action: acquisition
Counterparty: Bridge IT, Inc. (Brigit)
Consideration: aggregate closing cash consideration equal to approximately $278.67 million
Closing: 2025-01-31

Exact text from the filing

the Company’s common stock, par value $0.01 per share (“ Common Stock ”) (the “ Closing Stock Consideration ”), and aggregate closing cash consideration equal to approximately $278.67 million (such cash consideration, the “ Closing Cash Consideration ”, and together with the Closing Stock Consideration, the “ Closing Consideration ”). The Closing Cash Consideration is

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31 m&a transactions filed in the last 30 days. Browse all m&a transactions →

UPBOUND GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001104659-25-009700

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