This Day On The Street
Continue to site
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

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

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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs