goeasy Ltd. , ("goeasy" or the "Company"), one of Canada's leading consumer lenders focused on delivering a full suite of financial services to Canadians with non-prime credit, announced today the appointment of Patrick Ens as President of its.
/CNW/ - LendCare Capital Inc., a leading Canadian finance and technology company and a wholly-owned subsidiary of goeasy Ltd., has announced a new partnership.
goeasy to acquire LendCare for $320 million
Toronto-based FinTech company LendCare, which offers financial services and point-of-sale solutions for businesses, is set to be acquired by financial services company goeasy for $320 million CAD.
“LendCare is a complementary fit for goeasy, helping advance and propel our existing growth strategy.”
– Jason Mullins, goeasy
The deal consists of cash and $10 million in common shares. LendCare founders Ali Metel and Mark Schell will assume management positions at goeasy, while maintaining responsibility for LendCare’s ongoing operations.
The acquisition is being funded in part by a bought deal equity agreement with BMO Capital Markets totalling $130 million. The deal is expected to close in the second quarter of 2021.