Enova International to Acquire Grasshopper Bank for $369 Million
December 11, 2025
Enova International signed a definitive agreement to acquire Grasshopper Bancorp, Inc. and its wholly owned subsidiary Grasshopper Bank N.A. in a cash-and-stock transaction valued at approximately $369 million. The deal is expected to close in the second half of 2026, pending Grasshopper stockholder approval and regulatory approvals.
- Buyers
- Enova International, Inc.
- Targets
- Grasshopper Bancorp, Inc., Grasshopper Bank N.A.
- Industry
- Financial Services
- Location
- New York, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
Grasshopper Bank Acquires Auto Club Trust in a Cash-and-Stock Deal
April 1, 2025
Financial Services
Grasshopper Bancorp, Inc. (via its banking subsidiary Grasshopper Bank) completed its previously announced merger with Auto Club Trust, FSB. The cash-and-stock transaction makes Grasshopper Bank the exclusive provider of certain depository and lending services to more than 13 million AAA members in The Auto Club Group’s 14-state territory, effective April 1, 2025.
-
Enova International Acquires Pangea Universal Holdings (Pangea Money Transfer)
March 19, 2021
Payments & Fintech
Enova International has acquired Pangea Universal Holdings, a Chicago-based mobile-first international money transfer platform that serves transfers from the U.S. to about 40 countries with a focus on Latin America and Asia. Enova will leverage its AI/ML, analytics and online financial-services capabilities to expand into the remittance market while Pangea's CEO Nishu Thukral will continue to lead the business.
-
Goldman Sachs Acquires GreenSky
March 29, 2022
Financial Services
Goldman Sachs completed its previously announced all-stock acquisition of GreenSky in a deal valued at approximately $2.24 billion. The transaction expands Goldman Sachs’ consumer banking platform, adding GreenSky’s cloud-native technology and merchant/consumer ecosystem for home improvement loan origination at point of sale.
-
UKG Agrees to Acquire Inova Payroll
December 12, 2025
Healthcare Services
UKG has entered into a definitive agreement to acquire Inova Payroll, a U.S. human capital management (HCM) and payroll services provider focused on small and mid-sized businesses. The deal is expected to strengthen UKG’s ability to deliver outsourced HR support and benefits brokerage directly to the SMB market, with closing targeted for early 2026.
-
Energea Provides $20 Million Financing to HGR Energy
December 6, 2024
Renewable Energy
Energea provided $20 million in debt (part of a combined equity and debt package) to HGR Energy to accelerate development and expansion of its renewable energy project portfolio. Westbury Group and Regiment Securities advised and structured the financing, which closed on December 6, 2024.
-
Warburg Pincus-Led Investor Group To Acquire ECN Capital in C$1.9 Billion All-Cash Deal
November 14, 2025
Financial Services
ECN Capital entered into a definitive arrangement agreement to be acquired in an all-cash transaction valued at approximately C$1.9 billion by a newly formed acquisition entity controlled by an investor group led by Warburg Pincus. The deal provides immediate liquidity for shareholders and is anticipated to close in the first half of 2026, subject to regulatory approvals and court orders.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.