Park Cities Asset Management Affiliate to Acquire Elevate Credit
November 16, 2022
Elevate Credit (Elevate) entered into a definitive agreement to be acquired by an affiliate of Park Cities Asset Management LLC in an all-cash transaction valued at an implied $67 million ($1.87 per share). The transaction is expected to close in the first quarter of 2023, subject to customary conditions, including shareholder and regulatory approvals.
- Buyers
- Park Cities Asset Management LLC
- Targets
- Elevate Credit, Inc.
- Industry
- Payments & Fintech
- Location
- Texas, United States
- Transaction Type
- Buyout
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