trending Market Intelligence /marketintelligence/en/news-insights/trending/hAaZix0ZuKjL1irglFQZbw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

EZCORP buys 112 pawn stores in Latin America

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

EZCORP buys 112 pawn stores in Latin America

EZCORP Inc. has acquired GuatePrenda – MaxiEfectivo, expanding its footprint in Latin America.

The acquisition expands the company's store base into Latin American countries outside of Mexico and will also add to its earnings, Stuart Grimshaw, EZCORP's CEO, said in a statement.

Founded in 2002, GuatePrenda – MaxiEfectivo owns and operates 112 pawn stores located in Guatemala, El Salvador, Honduras and Peru. EZCORP now has a total of 871 pawn stores, including 513 in the U.S. and 358 in Latin America.

EZCORP paid $53.4 million in cash for the purchase. An additional $2.3 million in deal consideration is tied to the performance of the business. When the deal closed, the newly acquired business had $6.6 million of debt owed to affiliates of the seller, and that debt will be repaid soon, the company said.