Conyers advises EZCORP, Inc. on its US$53 million acquisition of 112 pawn stores in Latin America

Conyers has acted as BVI counsel to EZCORP, Inc. (NASDAQ:EZPW) on the acquisition of GuatePrenda – MaxiEfectivo, a business that owns and operates 112 pawnshops located across Guatemala, El Salvador, Honduras and Peru.

Acting through one of its subsidiaries, EZCORP, International Inc., it acquired all of the shares for US$53.4 million in cash at closing on 6 October 2017, with an additional US$2.25 million to be paid, dependent upon the performance of the business. Following this transaction, EZCORP now owns a total of 871 pawn stores, including 513 in the U.S. and 358 in Latin America.

The Conyers team which comprised of Anton Goldstein and Marcus Hallan, worked alongside Holland & Knight on the transaction.

 

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