Addleshaw Goddard LLP - Legal Counsel to Ramsdens Holdings PLC on its proposed £206m takeover by FirstCash Holdings, Inc
International law firm Addleshaw Goddard has advised AIM-listed Ramsdens Holdings PLC on its proposed £206m takeover by FirstCash Holdings, Inc., a leading international operator of pawn stores and provider of technology-driven point-of-sale payment solutions.
Ramsdens is a UK-based diversified retailer and financial services provider, serving customers primarily through a nationwide estate of high street stores and complementary online channels. Ramsdens primarily operates across the following business segments: jewellery retail, purchase of precious metals, foreign currency exchange and pawnbroking.
Commenting on the transaction, Peter Kenyon, CEO of Ramsdens said:
"I am exceptionally proud of the Group’s transformational growth since our Initial Public Offering on AIM in February 2017. Less than a decade on, we have added 50 Ramsdens stores to the UK high street, created over 300 jobs and significantly grown our profit before tax. I remain highly confident that there are significant opportunities for further growth over the coming years.
FirstCash is an internationally established sector leader, and I share their confidence and conviction in the outlook for Ramsdens, which is underpinned by our diversified model and established reputation for consistently doing the right thing for our customers and our fantastic people.”
The AG deal team was led by Andy Ley, Simon Wood, Lucy Robson, supported by Emily Hunter, Jack Edwards and Jordan Kerr. Antitrust and regulatory advice was provided by Al Mangan, Tom Withers, Ben Ackroyd and Paul Anderson, and Jonathan Fletcher Rogers advised on share schemes.
