Difference Capital Financial Inc. to acquire Mogo Finance Technology Inc.

April 15, 2019

Difference Capital Financial Inc. (TSX: DCF) announced that it entered into an arrangement agreement pursuant to which it will acquire all of the issued and outstanding common shares of Mogo Finance Technology Inc. (TSX:MOGO). The transaction will be carried out by way of a statutory plan of arrangement, which will involve, among other things, a three-cornered amalgamation in which Mogo will amalgamate with a wholly-owned subsidiary of Difference Capital.

Difference Capital invests in and advises growth companies. It leverages its capital market expertise to help unlock value in technology, media and healthcare companies as they approach important milestones in their business lifecycle. Mogo is a financial technology company that is a digital challenger to the banks in Canada, empowering consumers with simple solutions to help them manage and control their finances. The transaction is valued at approximately $110 million, which reflects an aggregate equity value, on a fully-diluted in the money basis.

Wildeboer Dellelce LLP is acting for Difference Capital Financial Inc. with a team including Perry Dellelce, Rob Wortzman, Michael Rennie and Joel Fraser (corporate/securities).