Macfarlanes is advising FirstCash Holdings, Inc. (Nasdaq: FCFS), a leading international operator of over 3,000 retail pawn stores in the United States and Latin America, on its proposed all-cash acquisition of H&T Group plc (AIM:HAT), the leading operator of pawn stores in the United Kingdom.

The transaction, which is structured as a scheme of arrangement and governed by the UK Takeover Code, is subject to approval by H&T’s shareholders as well as customary UK regulatory approvals, and is expected to close in the second half of 2025. The transaction implies an enterprise value of H&T of approximately £351m ($466m).

The Macfarlanes team is being led by Corporate and M&A Partners Tom Rose and Max Mittasch, supported by Corporate and M&A Associate Maddie Walls.

The Macfarlanes team also includes Reward Partner Rasmus Berglund and Associate Edward Hughes, Tax Partner Jeremy Moncrieff and Associate Krishant Sen, Competition and Commercial Partner Malcolm Walton, Competition Senior Associate Andrew Morrison, Commercial Senior Counsel Martha Campbell and Associate Cait O’Reilly, Finance Partner Kirstie Hutchinson and Senior Counsel Xian Wei Yeo, Employment Associate Daniel Esam and Real Estate Associate Joseph Miller.