Holland & Knight advised Austin, Texas-based EZCORP, Inc. (Nasdaq: EZPW), a leading provider of pawn loans in the United States and Mexico, on its acquisition of GuatePrenda – MaxiEfectivo (GPMX) for $53.4 million. An additional $2.25 million will be paid based on the performance of the business. The deal closed on Oct. 6.
GPMX owns and operates 112 pawn stores located in Guatemala (72 stores), El Salvador (17 stores), Honduras (12 stores) and Peru (11 stores). With this acquisition, EZCORP now has a total of 871 pawn stores, including 513 in the U.S. and 358 in Latin America.
ezcorp Inc. lends or provides credit services to people who lack the cash or access to credit to meet short-term needs. The Firm, led by Stuart Ian Grimshaw, Lachlan P. Given, Joseph Louis Rotunda and Thomas H. Welch Jr., was founded in 1989, is headquartered in Austin.
Holland & Knight partners Jose Sirven (Picture) and Emma Solaun and associates Henry Roque and Kendall Wilson served as U.S. counsel to EZCORP and worked alongside chief legal officer Thomas Welch and deputy general counsel Ellen Bryant. EZCORP co-counsel included Arias Law (Guatemala, El Salvador, Honduras and Panama), Conyers Dill & Pearman (BVI) and Estudio Muñiz (Peru).
The seller was represented by Harper Meyer (U.S.), Consortium Legal (Guatemala, El Salvador, Honduras), Philippi Prietocarrizosa Ferrero DU & Uría (Peru) and Galindo, Arias & López (BVI and Panama).
Law Firms: Holland & Knight;
Clients: EZCORP, Inc.;