Curo Group Holdings Corp.

Curo Group Holdings Corp.

Curo Group Holdings Corp.

Overview
Date Founded

2013

Headquarters

3527 North Ridge Road, Wichita, KS, 67205, USA

Type of Company

Public

Employees (Worldwide)

4,000

Industries

Consumer Finance

Company Description

CURO Group Holdings Corp. is a consumer finance company, which engages in the provision of services and lending products for under banked consumers. The company operates through the following segments: United States, Canada, and the United Kingdom. The United States segment operates the Speedy Cash, Rapid Cash, and Avio Credit brands. The Canada segment provides installment loans through the online brand Lend Direct and also operates Cash Money. The company was founded by Douglas Rippel, Chadwick Faulkner, and Michael McKnight on February 7, 2013 and is headquartered in Wichita, KS.

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Executives & Employees

President, Chief Executive Officer & Director

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Operating Officer

Executive Vice President & Chief Information Officer

Corporate Secretary & Chief Legal Officer

Executive Chairman

Director

Professional

Professional

Board of Directors

Executive Chairman at Curo Group Holdings Corp.

President, Chief Executive Officer & Director at Curo Group Holdings Corp.

Vice Chairman at Loyola School

Executive Officer at Oaktree Real Estate Opportunities Fund VI LP

Chief Executive Officer & Vice Chairman at V12 Group, Inc.

Co-Founder at FFL Partners LLC

Director at FFL Partners LLC

Former Chief Financial Officer & Vice President at SAGA Systems, Inc.

Executive Vice President-Human Resources at Fidelity Brokerage Co.

Director at Curo Group Holdings Corp.

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Owners & Shareholders
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Empyrean Capital Partners s, employs a fundamentally-oriented, multi-disciplinary, event-oriented investment approach. The firm believes that to fully exploit current event-oriented market opportunities requires an integrated combination of credit, equity and volatility expertise. Empyrean seeks capital appreciation and current income through the purchase and sale of debt, equity, options and derivative instruments where inefficiencies and mispricings create opportunities to earn attractive risk-adjusted returns. They seek to invest in situations where there is the potential for significant returns through either capital appreciation or ongoing income, and where identifiable catalysts exist which can unlock value and close the gap between market value and intrinsic value. Empyrean seeks to (i) purchase securities and other financial instruments for clients at prices they believe represent discounts to intrinsic value, or (ii) sell short securities they believe trade at a premium to intrinsic value.Empyrean seeks to limit downside exposure through the purchase of securities or instruments at discounts to intrinsic value or otherwise limit risk through favorable structural, contractual, collateral or valuation characteristics. Generally, the firm seeks to reduce market exposure through a variety of credit, equity and volatility hedging strategies. Empyrean may sell securities short, purchase puts and calls, write uncovered puts and calls, purchase options on stock indices and bond indices and utilize other derivative instruments, including CDS, futures, forward contracts and swaps. They may also use repurchase agreements, and certain strategies may include investments in vehicles managed by independent portfolio managers.Empyrean generally invests, both long and short, in a variety of public and private primary and secondary market securities, instruments and obligations. Instruments may include, but aren't limited to, trade claims, revolving and term loan credit facilities, public and private debt obligations, public and private convertible debt and convertible preferred stock, public and private common stock and other types of equity interests, futures, options, warrants and derivative instruments.

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Second Curve manages the Second Curve Opportunity Fund International, Ltd., Second Curve Partners LP and the Second Curve Partners International, Ltd. The firm specializes in small/mid-cap value financial services companies.Second Curve maintains a medium turnover rate.

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GCM focuses primarily on investing in distressed situations. Their investment strategy seeks to execute credit and equity investments in markets experiencing distress and dislocation, as well as adjacencies to those markets. This strategy is designed to exploit the cyclicality of credit markets and the assets financed by traditional credit investors. The firm seeks to generate substantial appreciation in their investments as market stresses subside, often as a result of restructuring, reorganization or the return of normal markets and liquidity conditions. Preservation of capital is a primary goal and GCM focuses on conservative underwriting of the investment opportunities they pursue and seeks appropriate downside protections with respect to their investments. The firm invests across regions, industries, asset classes and types of instruments as dislocations are inherently episodic in nature.

Recent Transactions
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Shelby Finance Ltd., Morses Club Plc purchase Curo Transatlantic Ltd. from Curo Group Holdings Corp.

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Curo Group Holdings Corp. issued USD Common Stock

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Curo Group Holdings Corp. issued USD Common Stock

Insider Transactions
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Transaction Advisors
Escrow Agent

Advised onCuro Group Holdings Corp. issued USD Common Stock

Auditor

Advised onCuro Group Holdings Corp. issued USD Common Stock

Underwriter

Advised onCuro Group Holdings Corp. issued USD Common Stock

Legal Advisor

Advised onCuro Group Holdings Corp. issued USD Common Stock

Associate

Advised onCuro Group Holdings Corp. issued USD Common Stock

Associate

Advised onCuro Group Holdings Corp. issued USD Common Stock

Key Stats and Financials As of 2019
Market Capitalization
$612M
Total Enterprise Value
$1.37B
Earnings Per Share
$2.27
Revenue
$1.14B
Net Profit
$104M
Total Debt
$916M
Total Equity
$50.5M
Enterprise Value / Sales
1.2x
TEVNet Income
13.1x
Debt TEV
0.67x
Enterprise Value EBITDAOperating
1.73x
EBITDAMargin
62.96%
EBITDA
$719M
Three Year Compounded Annual Growth Rate Of Revenue
11.28%
Investments
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Katapult provides support for on line shopping. It provide the financing option for underbanked and nonprime consumers to acquire electronics, appliances, furniture, and other durable goods online. The company was founded by Andrew Hancox, Chinedu Eleanya and Brandon Wright in 2012 and is headquartered in New York, NY.

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