Acquisition Details - BasePoint Capital has completed the acquisition of International Personal Finance (IPF) for £543 million ($733 million) with all-cash terms agreed before the 31 December deadline [1] - IPF shareholders will receive 235 pence per share, which is the same price proposed by BasePoint in September [1] Company Overview - IPF, headquartered in Leeds, UK, offers unsecured consumer credit and related services across nine markets, including Romania, Poland, Hungary, Mexico, the Czech Republic, Latvia, Australia, Estonia, and Lithuania [2] - The company serves approximately 1.7 million clients with a variety of products, including digital instalment loans, home credit, retail credit, credit cards, a mobile wallet, and digital credit lines [2] Strategic Insights - IPF's chair, Stuart Sinclair, noted that the company has faced significant macroeconomic challenges and competitive pressures, but the acquisition allows shareholders to monetize their investment at a fair price [3] - BasePoint Capital is recognized for providing asset-based financing and liquidity solutions to specialty finance companies in the US [4] Management Perspectives - BasePoint's CEO, Eric Schneider, expressed confidence in IPF's positioning as a leading provider of credit to underbanked individuals across multiple geographies [5] - Schneider emphasized BasePoint's experience in consumer specialty finance and its commitment to supporting IPF's growth and evolving business model [6] - The board of directors of IPF has unanimously supported the acquisition [6]