H&T Group PLC Acquisition by FirstCash

On May 14, 2025, FirstCash Holdings Inc. (FCFS) announced a significant acquisition, entering the UK market by acquiring H&T Group plc for approximately £297 million (equivalent to $394 million). This strategic move marks FirstCash’s expansion into the UK pawn market, positioning it as a leading operator in the region.

Key Details of the Acquisition

  • Acquisition Price: £297 million
  • Acquirer: FirstCash Holdings Inc. (FCFS)
  • Acquired: H&T Group plc
  • Market Impact: FirstCash’s acquisition of H&T Group, the largest pawn store operator in the UK, enhances its global footprint and growth prospects in Europe.

H&T Group PLC Overview

H&T Group PLC, based in Sutton, United Kingdom, operates within the financial sector, specifically in consumer finance. The company offers a range of services including pawnbroking, unsecured loans, check cashing, and pre-paid debit cards. Additionally, it retails jewelry and other second-hand items derived from its pawnbroking activities. H&T Group is listed on the London Stock Exchange and has a market capitalization of approximately £19.88 billion as of May 14, 2025. The company’s stock closed at 650 GBP on the same day, matching its 52-week high, a significant increase from its 52-week low of 3.9226 GBP on April 24, 2025.

Financial Metrics

  • Close Price (May 14, 2025): 650 GBP
  • 52 Weeks High: 650 GBP
  • 52 Weeks Low: 3.9226 GBP
  • Market Cap: £19.88 billion
  • Price Earnings Ratio: 8.87516

Regulatory Disclosures

Following the acquisition announcement, regulatory disclosures were made under Rule 8.5 of the Takeover Code. Shore Capital Stockbrokers, an exempt principal trader with recognized intermediary status, disclosed public dealing activities in a client-serving capacity.

Market Reaction

The acquisition has been viewed positively, with analysts highlighting FirstCash’s strategic expansion into the UK market. The move is expected to bolster FirstCash’s presence in Europe and enhance its service offerings in the consumer finance sector.

For more information on H&T Group’s offerings, visit their website at www.handt.co.uk .