AcquisitionsJun 23, 2026, 07:01 AM
FirstCash to Acquire Ramsdens for £206M ($273M)
AI Summary
FirstCash Holdings, Inc. announced its proposed acquisition of Ramsdens Holdings PLC, a UK-based pawn, retail, and financial services operator, for approximately £206 million ($273 million USD). The deal offers Ramsdens shareholders 600 pence in cash per share plus a 9 pence interim dividend. This strategic acquisition will expand FirstCash's UK footprint by adding 174 locations, enhancing its global leadership, and is expected to be accretive to both EBITDA and EPS. The transaction is anticipated to close in the second half of 2026, subject to shareholder and regulatory approvals.
Key Highlights
- FirstCash Holdings to acquire Ramsdens Holdings PLC for approximately £206 million ($273 million USD).
- Ramsdens shareholders will receive 600 pence in cash per share, plus a 9 pence interim dividend.
- The acquisition adds 174 pawn locations in the UK, expanding FirstCash's global footprint to over 3,500 stores.
- The transaction is expected to be accretive to both FirstCash's EBITDA and EPS.
- A Bridge Term Loan Credit Agreement for up to £218 million has been secured to finance the acquisition.
- Ramsdens reported trailing twelve-month revenue of $200 million and adjusted EBITDA of $40 million as of March 31, 2026.
- The acquisition is anticipated to close in the second half of 2026, pending shareholder and regulatory approvals.
Price Impact
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