King & Spalding Pilots CURO's $360M Heights Finance Buy

By Charlie Innis (November 17, 2021, 3:28 PM EST) -- CURO, a lending platform guided by King & Spalding LLP, said Wednesday it is planning to buy Troutman Pepper-led Heights Finance from a private equity firm for $360 million in order to expand its customer base.

The deal calls for CURO Group Holdings Corp. to buy Heights Finance, a consumer finance company, for $335 million in cash and $25 million in CURO common stock from Pennsylvania-based Milestone Partners, according to an announcement.

The acquisition would bring Heights Finance's largely near-prime and non-prime customers into CURO's fold. Based in South Carolina, Heights Finance provides installment loans and other offerings to customers across...

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