Big Law

Next Point Acquisition Corporation Acquires Liberty Tax and LoanMe

  • Concurrent acquisitions of leading tax return preparation service provider (Liberty Tax) and established consumer and the small business lender (LoanMe), resulting in over 1.6 million combined current customers across North America and establishing a diversified financial services platform with immediate scale for NextPoint’s consumer and small business customers

  • Cutting edge digital platforms and approximately 2,700 locations across North America position NextPoint for an omnichannel roll-out of small business loans and new products including mortgages

  • Pro forma combined total enterprise value of US$643 million; 2021 pro forma combined revenue of US$317 million, and 2021 pro forma combined adjusted EBITDA of US$100 million

  • US$25 million fully-committed PIPE led by hedge fund veteran Leon Cooperman, with participation by NextPoint’s current and post-closing management

  • The acquisitions are fully supported by financing commitments and are expected to close in Q2 2021

Read the source article at PR Newswire

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