M&A
confidence high
sentiment positive
materiality 0.60
Atlanticus completes sale of CAR Auto Finance for $71.2M
Atlanticus Holdings Corp
- Total consideration ~$71.2M: $56.2M cash and $15.0M seller note to Atlanticus.
- CAR comprised 100% of Auto Finance segment; company will no longer operate Auto Finance.
- Approximately 154 CAR team members transitioning to buyer in connection with sale.
- Proceeds expected used to reduce debt and invest in higher-growth consumer credit products.