DFC Global, a provider of financial services to unbanked and under-banked consumers, has been acquired by Lone Star Funds.
DFC Global is an international non-bank provider of alternative financial services, principally unsecured short-term consumer loans, secured pawn loans, check cashing, gold buying, money transfers and reloadable prepaid debit cards, serving primarily unbanked and under-banked consumers through its approximately 1,500 current retail storefront locations and its multiple Internet platforms in ten countries across Europe and North America: the United Kingdom, Canada, the United States, Sweden, Finland, Poland, Spain, Romania, the Czech Republic and the Republic of Ireland. DFC Global is headquartered near Philadelphia in Berwyn, PA (www.dfcglobalcorp.com).
Lone Star invests in real estate, equity, credit, and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized twelve private equity funds with aggregate capital commitments totaling over $45 billion. The firm is based in Dallas (www.lonestarfunds.com).
2014 PEPD • Private Equity’s Leading News Magazine • 6-16-14
