Overview of Transaction

• On December 20, 2020, Rent-A-Center, a leading omni-channel lease-to-own provider for the credit constrained customer, announced it has entered into a definitive agreement to acquire Acima Credit LLC, a virtual lease-to-own provider based in Draper, Utah
• Total consideration consists of $1.273 billion in cash and approximately 10.8 million shares of Rent-A-Center common stock currently valued at $377 million
• Founded in 2013, Acima is a leading platform offering customers virtual lease-to-own solutions at point-of-sale via mobile technology
• Acima’s virtual lease-to-own products are used by more than 15,000 merchant brick and mortar and e-commerce locations

Significance of Transaction

• The acquisition accelerates Rent-A-Center’s position as a premier FinTech platform across both traditional and virtual lease-to-own solutions
• The acquisition also provides further diversification of Rent-A-Center’s retail partner base and product verticals, and enhances its ability to compete for high-value national retail accounts

FT Partners' Role

• FT Partners served as exclusive financial and strategic advisor to Acima
• This transaction highlights FT Partners’ deep domain expertise across the Buy-Now-Pay-Later and Credit Technology sectors, and its successful track record generating highly favorable outcomes for leading high-growth FinTech companies globally, including during the COVID-19 pandemic