NextPoint Acquisition Corp. Acquires Liberty Tax and LoanMe to Form NextPoint Financial

February 22, 2021

NextPoint Acquisition Corp. (a publicly traded SPAC) agreed to acquire Liberty Tax from Franchise Group, Inc. and LoanMe in a combined transaction that will form NextPoint Financial Inc. The deal values Liberty Tax at approximately US$252 million and LoanMe at approximately US$102 million and is intended to create a one-stop financial-services platform to serve credit‑challenged consumers and small businesses through cross-selling and expanded product offerings.

Buyers
NextPoint Acquisition Corp.
Targets
Liberty Tax, LoanMe
Sellers
Franchise Group, Inc.
Location
United States
Transaction Type
Buyout

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