Windsor Drake
Transaction · Lending · 2021

Latitude / Symple Loans 2021

Latitude Group Holdings Limited acquired Symple Loans on January 1, 2021.

Target
Symple Loans
Acquirer
Latitude Group Holdings Limited
Announced
January 1, 2021
Sub-sector
Lending

Transaction overview

  • Latitude Group Holdings Limited announced the acquisition of Symple Loans on January 1, 2021.

Strategic rationale

Acquire lending fintech platform to modernize personal and auto lending, expand product offerings, enter new markets, and reduce costs.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
January 1, 2021
Acquirer
Latitude Group Holdings Limited (Strategic)
Sub-sector
Lending

Sources

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