H&T Group

Canaccord Genuity acts as Lead Financial Adviser, Joint Rule 3 Adviser and Joint Broker to H&T on its recommended all-cash acquisition by FirstCash

Canaccord Genuity is pleased to announce that it has acted as Lead Financial Adviser, Joint Rule 3 Adviser and Joint Broker to H&T Group plc (“H&T”) on its £297 million recommended all-cash acquisition by FirstCash Holdings, Inc. (“FirstCash”).  The transaction was announced in May 2025 subject to a number of conditions. The transaction closed on 14 August 2025.

The offer value represented a premium of approximately 44% to the closing price of 458p per H&T share on 13 May 2025 (being the last business day prior to the announcement of the offer); 71% to the 3-month VWAP and 78% to the six-month VWAP.

H&T is the UK's largest pawnbroker, a leading retailer of high quality new and pre-owned jewellery and pre-owned watches and provides a range of financial products tailored for a customer base which has limited access to, or is excluded from, the traditional banking sector.  These products include pawnbroking, retail and foreign currency.

FirstCash is a leading international operator of pawn stores and provider of technology-driven
point-of-sale payment solutions, focused on serving cash and credit-constrained consumers.  FirstCash has more than 3,000 pawn stores in 29 US states and the District of Columbia and in Latin America and employs approximately 20,000 people between the US and Latin America.  FirstCash is listed on Nasdaq with a market capitalisation of c.$6bn.

Canaccord Genuity has advised H&T on multiple occasions over the years, including on its IPO on AIM in May 2006.  Canaccord Genuity was appointed as Joint Broker to H&T in May 2024.

The transaction further reinforces Canaccord Genuity’s market leading position as a financial adviser in the specialist financials and retail-based financial services sectors and follows other transactions including the sale of Eurochange to Western Union, the sale of NoteMachine to Brink’s, the sale of ChangeGroup to Prosegur, and the sale of Smallworld to Equistone.