Prendamex & First Cash
Selected Transaction– M&A Sell Side Engagement - Between a Mexican Private Company and an American Public Company
Background
- Prendamex is one of the leaders of the pawn industry in Mexico, it owns more than 450 stores and they sold 126 stores to First Cash..
PC Capital’s Role
- PC Capital advised Prendamex in the valuation, structuring and sale of its pawn business to First Cash
- They originated the opportunity.
- Negotiated the terms and conditions for the closing of the transaction.
First Cash increased its number of total branches to around 200
Results
- First Cash acquired Prendamex’s pawn business.
- Prendamex managed to obtain a very attractive valuation considering all the different valuation parameters.
- With this transaction, First Cash significantly increased its presence in Mexico.