Cash Converters International → Capital Cash (UK)
completedDeal announced2023-03-06
BuyerCash Converters International
SellerCapital Cash (UK)
SectorPawnbroking/Financial Services
ValueA$26.5M
Deal typeM&A
Cash Converters agreed to acquire 100% of UK pawnbroking and second-hand goods franchise group Capital Cash for up to GBP13.9 million (~A$26.5 million), giving it a corporate store footprint in the UK. Conditions were satisfied and the deal completed by 6 July 2023.
Why the buyer wanted it
Cash Converters, already the UK master franchisor, wanted direct corporate ownership of its largest UK franchise group (42 stores) plus its experienced management team.
Why the seller agreed
Capital Cash's owners exited after 20 years of operating in the UK pawnbroking sector.
Stock reaction
Not applicable — Capital Cash is privately held.
Deal mechanics
Buyer's advisors
Herbert Smith Freehills (legal, to Cash Converters)
Seller's advisors
Clarke Willmott (legal, to Capital Cash)
Deal structure
All-cash acquisition, up to GBP13.9m total consideration