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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