Exclusive Financial Advisor to Cottonwood Financial in a 363 Bankruptcy Sale
Oppenheimer & Co. Inc. acted as Exclusive Financial Advisor to Cottonwood Financial on its Acquisition by CNG Holdings via a Section 363 Bankruptcy Sale
Oppenheimer & Co. acted as the exclusive financial advisor to Cottonwood Financial (the “Company”) on its acquisition by CNG Holdings via a section 363 bankruptcy sale. Founded in 1996, Cottonwood Financial is a Texas-based consumer lending business with 181 branch locations across Texas, Wisconsin and Idaho. The Company offers a mix of short-term loan options to underbanked consumers through its brick-and-mortar “Cash Store” locations. At the time the bankruptcy the Company had 537 employees and a portfolio of $32.6M in receivables across ~43,000 active customer accounts.
CNG Holdings is a personal finance business operating under four brands including Check ‘n Go, Xact, Allied Cash Advance and Smartpay. Founded in 1994 in Covington, Kentucky as Check ‘n Go, the business started with brick-and-mortar locations and has since grown to over 300 Check ‘n Go and Allied Cash Advance retail locations.
Adam Markiewicz
Director
Christopher Conte
Associate
Ethan MacKenzie
Analyst
This notice is provided for informational purposes only, and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security or financial instrument. Nothing contained herein shall constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such offer or solicitation would be prohibited.
This notice may contain statistical data cited from third-party sources believed to be reliable, but Oppenheimer & Co. Inc. does not represent that any such third-party statistical information is accurate or complete, and it should not be relied upon as such. All market prices, data and other information are not warranted as to completeness or accuracy and are subject to change without notice.
2024 Oppenheimer & Co. Inc. Transacts Business on all Principal Exchanges and Member SIPC 6849058.1