FirstCash Holdings has agreed to acquire Ramsdens Holdings, a UK pawn, retail and financial services operator, in a cash deal valuing Ramsdens at approximately £206 million or $273 million. Under the terms, FirstCash will pay 600 pence per share, and Ramsdens shareholders will also receive an interim dividend of up to 9 pence per share. Ramsdens operates 174 pawn locations across England, Scotland and Wales, and the acquisition will expand FirstCash's UK footprint to a combined network of almost 470 stores when added to its existing H&T operations. The transaction is expected to be accretive to EBITDA and earnings per share and is anticipated to close by the end of 2026, subject to shareholder and regulatory approvals.
FirstCash IncFirstCash acquires Ramsdens in a cash deal expected to be accretive to EBITDA and EPS, expanding UK footprint.
Ramsdens Holdings PLCRamsdens is being acquired at a premium of 600 pence per share plus an interim dividend.
