Shore Capital are pleased to have acted as Joint Financial Adviser, Nominated Adviser, Joint Broker and Joint Rule 3 Adviser to H&T Group plc on its £297 million recommended cash acquisition by FirstCash Holdings Inc (FirstCash).

Established in 1897, H&T is the UK’s largest pawnbroker and the UK’s sixth largest jewellery retailer. H&T provides a range of transparent and accessible 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.

H&T’s 285 stores are located in towns and cities across England, Scotland and Wales and provide customers with small-sum short-term non-recourse pawnbroking loans secured by pledged personal property, which consists primarily of gold, jewellery items and watches.

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. The Acquisition represents FirstCash’s entry into the UK pawnbroking market.

We wish the H&T team all the best in the future.

Shore Capital team:

Corporate Advisory: Stephane Auton, Sophie Collins

Corporate Broking: Guy Wiehahn

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