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May 4, 2021

goeasy Ltd. Acquires LendCare for $320 Million

Donald L. West, Jill P. Fraser, David Malach and Barbara Worndl

On April 30, 2021, goeasy Ltd. (TSX: GSY), a full-service provider of goods and alternative financial services, completed its acquisition of LendCare Holdings Inc., a Canadian point-of-sale consumer finance and technology company, from LendCare’s founders and CIVC Partners for $320 million, excluding closing adjustments, payable in a combination of cash and $10 million in common shares issued to LendCare’s founders as part of their consideration.

Aird & Berlis acted as legal counsel to management of LendCare with a team that included Don West, Brent Winston (Corporate/M&A), Jill Fraser (Financial Services), David Malach and Barbara Worndl (Tax).

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