LendCare Holdings Inc. to be acquired by goeasy Ltd. for CAD $320 Million

TORONTO, April 12, 2021 /CNW/ - LendCare, a leading Canadian point-of-sale finance and technology company, today announced they have entered into a definitive agreement to be acquired by goeasy Ltd. (TSX: GSY). Under the terms of the agreement, goeasy will pay $320 million in a combination of cash and $10 million in common shares elected to be received by LendCare's founders as part of their consideration. The Acquisition is expected to close in the second quarter of 2021, subject to customary closing conditions and regulatory approvals.