Cash Generators

Deal Summary

Catalyst advised the board of CNG Holdings Inc on the acquisition of Cash Generators.

Cash Generator is the largest pawn broker and pre owned goods retailer in the UK. It operates over 100 stores of which 20 are owned by the business and 90 operated by franchisees.

CNG Holdings Inc is a US-based, privately owned, company providing alternative financial services via retail locations and the internet.

What difference did we make?

Catalyst initially worked with the board and management of CNG on a potential development capital strategy for its UK businesses. During this time we built a strong relationship with CNG globally.

Consequently, when the opportunity arose to acquire Cash Generator, CNG recognised the need for a UK-based advisor and approached Catalyst to advise them on the transaction.

Our initial focus was to establish a relationship with the selling advisers, understand the key issues for the selling shareholders and negotiate an offer that secured exclusivity on acceptable terms to CNG. Having achieved this we then led the acquisition project, working closely with the UK Group Finance Director through the due diligence and working capital aspects of the deal. We then advised on the final negotiations resulting in benefits compared to the original Heads of Terms of c£2 million.