Elevate to be Acquired by Park Cities Asset Management
Elevate Credit, Inc. (Elevate or the Company), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced it has entered into a definitive agreement to be acquired by an affiliate of Park Cities Asset Management LLC (Park Cities), an alternative asset manager focused on providing flexible debt solutions.
- Elevate Credit, Inc. (Elevate or the Company), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced it has entered into a definitive agreement to be acquired by an affiliate of Park Cities Asset Management LLC (Park Cities), an alternative asset manager focused on providing flexible debt solutions.
- Park Cities has a long relationship with Elevate and currently provides corporate debt as well as financing for the Today Card product.
- Park Cities Asset Management LLC is an alternative asset manager focused on deploying capital across asset classes in the Specialty Finance and FinTech sectors.
- This communication contains certain forward-looking statements concerning Elevate and the proposed transaction between Elevate and Park Cities.