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Liberty Tax acquired by NextPoint

REGISTER NOW NextPoint Acquisition Corp. has completed its acquisition of tax preparation franchiser Liberty Tax from the latter’s parent company, Franchise Group Inc., of Orlando, Florida. Franchise Group received some $182 million in cash and some $67 million in shares of NextPoint, a special purpose acquisition company based in British Columbia. The cash was used to pay outstanding debt, Franchise Group said. The deal was originally announced in February. Analysts said NextPoint plans to combine tax preparation with loans. Integration of Liberty Tax and LoanMe, which the company also recently acquired, has begun, with loans available in many company stores and franchised locations, said NextPoint Financial CEO Brent Turner.

Virginia Beach s Liberty Tax to be sold for $243 million, will offer consumer loans through LoanMe

The buyer, Canada-based NextPoint Acquisition Corp., was formed in mid-June with the goal of buying businesses in the alternative lending and financial services sector. The sale is expected to close in the second quarter of this year and is dependent on NextPoint also completing the purchase of LoanMe, an online seller of consumer loans based in Anaheim, Calif. that has been criticized for its high-interest predatory loans in the past.

Virginia Beach s Liberty Tax to be sold for $243 million, will offer consumer loans through LoanMe

Virginia Beach s Liberty Tax to be sold for $243 million, will offer consumer loans through LoanMe
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Today in acquisitions: Givex, NextPoint Acquisition, Herjavec Group, BIM One

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