Financial Advisor
Lendmark Financial Services, LLC
M&A Advisory
Has Acquired 127 Branches From
Transaction Details
- On May 2, 2016, Lendmark Financial Services, LLC (“Lendmark” or the “Company”) completed the acquisition of 127 branches and over $600 million of receivables from Springleaf Holdings, Inc. (NYSE: LEAF, “Springleaf”) for $624 million in cash̶
- - The branch acquisition increased Lendmark’s footprint to 320 branches and extended its geographies by adding AZ, CO, ID, OH, TX, WA and CA
- Springleaf was required by the Department of Justice to divest the branches in connection with its acquisition of OneMain Financial Holdings, Inc.
- - Simultaneous with the acquisition, Springleaf changed its name to OneMain Holdings, Inc. (NYSE: OMF, “OneMain”)
- Stephens Inc. served as financial advisor to Lendmark Financial Services, LLC
About the company
Lendmark Financial Services, LLC
Lendmark Financial Services, LLC offers personal loans, automobile loans, debt consolidation loans, and merchant retail sales financing services. The Company has 320 branches and more than 300,000 customers across 20 states. The Company was founded in 1996 and headquartered in Covington, GA. For more information, visit www.lendmarkfinancial.com.
Springleaf Holdings, Inc.
OneMain Holdings, Inc. f/k/a Springleaf Holdings, Inc. (NYSE: OMF) is a leading personal finance company providing loan products to customers through
its nationwide branch network and through its internet lending division. OneMain has over a 100-year track record of high-quality origination,
underwriting, and servicing of personal loans, primarily to nonprime consumers. OneMain operates the largest consumer finance branch network in the
United States, serving its customers through over 1,800 branches in 43 states. For more information, visit www.onemainfinancial.com.
Sources: Lendmark and Springleaf company filings and publicly available information
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