NextPoint to Acquire Liberty Tax, LoanMe: M&A Snapshot

NextPoint Spac has entered into definitive agreements to acquire Liberty Tax and LoanMe under which the combined business will named NextPoint Financial.

• Combined co. will be led by industry veterans Brent Turner, as CEO, and Andy Neuberger, as Chairman
• NextPoint will acquire Liberty Tax at an enterprise value of approximately $252m, $182m of which is payable in cash and the balance of which is payable in NextPoint common stock equivalents and subject to adjustment
  • Franchise Group intends to use $182m cash proceeds to pay down debt
• NextPoint will acquire LoanMe at an enterprise value of approximately $102m, $18m of which ...