backKing & Spalding is advising CURO Group Holdings Corp. (NYSE: CURO) (“CURO”) in the pending sale of its Canadian point-of-sale business FLX Holding Corp. (“Flexiti”) to Questrade Financial Group Inc. (“Questrade”) for a purchase price of approximately C$55 million. The sale is expected to close in the third quarter of 2023, subject to agreed closing conditions, including receipt of required regulatory approvals.
CURO is a tech-enabled, omni-channel consumer finance company serving U.S. and Canadian customers. Flexiti is a provider of point-of-sale financing at a network of over 8,000 retail locations and e-commerce sites. Questrade is Canada’s largest independent online brokerage.
A press release announcing the transaction can be found here.
The King & Spalding team advising CURO on the transaction included Tim Fesenmyer, Jake Downing, Amanda Fine and Lauren Salas.