This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

DFC Global Corp. Completes Acquisition Of Pawn Store Chain In Spain

Stocks in this article: DLLR

DFC Global Corp. (NASDAQ:DLLR), a leading international diversified financial services company serving primarily unbanked and under-banked consumers for over 30 years, today announced the acquisition of Super Efectivo, which provides pawn loans in Spain. Super Efectivo S.L., founded in 2006, operates a chain of eight stores predominantly in Madrid. The acquired stores primarily offer pawn lending on gold jewelry and gold buying services. The total purchase price of the transaction at closing was approximately $5.1 million in addition to payment for the value of the pawn pledge inventory. The trailing twelve months EBITDA for the acquired stores was approximately $1.5 million at the closing of the transaction.

Commenting on the acquisition, Jeff Weiss, the Company’s Chairman and Chief Executive Officer, stated, “We are excited to enter the Spanish market, with a population of 47 million people and a majority of the population working in service sector jobs, which nicely fits with our target ALICE (Asset Limited, Income Constrained, Employed) and ARTI (Asset Rich, Temporarily Illiquid) demographics. Pawn lending is one of the oldest, most understood and generally accepted businesses around the world and in many countries like Spain, is a primary source of credit for a variety of socio-economic groups. The pawn lending industry in Spain is very fragmented and mainly composed of small store chain establishments. We believe this acquisition provides an initial entry point into Spain with an opportunity to further expand our presence through additional store acquisitions supplemented with de novo store development. Furthermore, when combined with our “Suttons and Robertsons” and “Robert Biggar” pawn store chains in England and Scotland, the approximately 450 “Money Shop” branded stores across the United Kingdom, our more than 30 pawn lending stores in Sweden and Finland operating under the brand names “Sefina” and “Helsingin Pantti”, and seven “Money Now” stores in Poland, the acquisition of “Super Efectivo” is just another step in bolstering our position as the leading secured pawn lender in Europe.”

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs