Dollar Financial Corp Consummates Previously Announced Acquisition of Purpose U.K. Holdings for $195M

Dollar Financial Corp DLLR today announced that its wholly owned U.K. subsidiary, Dollar Financial U.K. Ltd., has completed the acquisition of Purpose U.K. Holdings Limited, the parent company of Month End Money. MEM, which was established in 2003, operates under the brand name PaydayUK and is the market leader in the region, providing loans through both internet and telephony-based technologies throughout the United Kingdom. The initial funding for the transaction was provided by a combination of existing cash and utilization of the Company's recently expanded global revolving credit facility. The total purchase price of the transaction at closing was $195.0 million.