Directional Capital Acquires Purple RTO Holdings with Financing from Spring Capital, NewSpring and Salem Investment

September 22, 2023

Directional Capital acquired Purple RTO Holdings, a franchisee operating Rent-A-Center locations across the Midwest and Southwest, with subordinated debt and minority equity provided by Spring Capital Partners IV alongside NewSpring Mezzanine and Salem Investment Partners. The transaction covers Purple’s ~63 retail Rent‑to‑Own locations (branded Purple Cactus and Purple Horseshoe) and expands Directional’s retail footprint.

Buyers
Directional Capital, Spring Capital Partners IV, NewSpring Mezzanine, Salem Investment Partners
Targets
Purple RTO Holdings (Purple Cactus / Purple Horseshoe)
Industry
Retail
Location
California, United States
Transaction Type
Buyout

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