Pagaya Announces Agreement To Purchase 100% Of Theorem Technology, Inc., A Consumer Credit Funds Manager; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Pagaya Technologies LTD. (NASDAQ:PGY) announced an agreement to purchase 100% of Theorem Technology, Inc., a consumer credit funds manager. The acquisition, expected to close in Q4 2024, will bring Theorem's fund management and engineering capabilities to Pagaya, enhancing its funding diversification and capital efficiency. The deal is anticipated to be accretive in 2025.
July 30, 2024 | 12:32 pm
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Pagaya Technologies LTD. (NASDAQ:PGY) announced an agreement to acquire Theorem Technology, Inc. The acquisition will enhance Pagaya's funding diversification and capital efficiency, and is expected to be accretive in 2025.
The acquisition of Theorem Technology is a strategic move for Pagaya, expected to enhance its funding diversification and capital efficiency. The deal is anticipated to be accretive in 2025, which is positive for the company's financial outlook.
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