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CURO Group Holdings Corp Positioned to Benefit from Katapult s Announced Merger with FinServ Acquisition Corp – IT Business Net

$900+ million Transaction Provides $365 million Total Consideration to CURO WICHITA, Kan.–(BUSINESS WIRE)–CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), a market leader in providing credit to non-prime consumers, announced today that it is positioned to benefit from today’s announcement that Katapult Holding, Inc. (“Katapult”), a company approximately 40% owned by CURO and a leading provider of e-commerce point-of-sale (“POS”) lease purchase options for non-prime US consumers, and FinServ Acquisition Corp. (Nasdaq: FSRV) (“FinServ”), a publicly traded special purpose acquisition company (“SPAC”), have entered into a definitive merger agreement. The transaction values Katapult’s equity at $908 million, which includes an earnout of up to $75 million in the form of additional common shares in the new public company.

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