Four Firms Help Park Cities’ $67 Million Deal for Elevate Credit

Four law firms are advising in Park Cities Asset Management’s take-private acquisition of Elevate Credit, Inc., a Fort Worth-based provider of online credit solutions for credit-constrained consumers.

Haynes and Boone, Wick Phillips Gould & Martin, and Husch Blackwell are acting as legal counsel to Park Cities, which will acquire Elevate for $1.87 per share in an all-cash transaction at an implied value of $67 million, according to a statement.

Morrison & Foerster is advising Elevate, which was founded in 2014 and says that, along with the banks that license its technology, it has originated more than $10 billion in credit ...