US private equity house to buy owner of UK’s largest high street payday lender after profit warning issued over new regulations

Dollar Financial, the US short-term lending specialist behind The Money Shop, Britain’s largest high-street payday lender, is to be sold to private equity house Lone Star for $1.3bn (£780m).

The deal was announced on Wednesday as Dollar Financial issued a heavy profits warning, signalling that a series of UK regulatory crackdowns faced by The Money Shop had hurt the business.

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