M&A
confidence high
sentiment positive
materiality 0.80
FirstCash acquires UK pawn operator Ramsdens for £206M ($273M)
FirstCash Holdings, Inc.
- Total consideration of 609p per share (600p cash + 9p dividend); equity value ~£206M (~$273M).
- Adds 174 pawn stores in England, Scotland, and Wales, growing UK network to ~470 locations.
- Ramsdens TTM revenue $200M, net income $26M, adjusted EBITDA $40M (IFRS, USD).
- Deal unanimously approved by both boards; expected to close by end of 2026 subject to shareholder and UK regulatory approvals.
- Bridge credit agreement for up to £218M with Jefferies Finance backstops the financing.