Smith Financial Corporation Acquires Home Capital Group Inc.
November 21, 2022
Smith Financial Corporation (via a wholly-owned purchaser) acquired all outstanding shares of Home Capital Group Inc. in a court-approved plan of arrangement, paying CAD 44.00 per share (increased to CAD 44.28 per share due to a post-May 20, 2023 closing adjustment). The transaction valued Home Capital at approximately CAD 1.7 billion, will result in Home Capital being taken private and its common shares delisted from the Toronto Stock Exchange.
- Buyers
- Smith Financial Corporation, Purchaser (a wholly-owned subsidiary of Smith Financial Corporation)
- Targets
- Home Capital Group Inc.
- Sellers
- Home Capital shareholders
- Industry
- Financial Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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