Article Archive — Mergers/Acquisitions
M & A in 2011: Who’s Buying, Who’s Not and Why?
With the worst of the liquidity crisis behind us, and the previous funding constraints somewhat lifted, The Alta Group’s Bruce Kropschot is optimistic … albeit cautiously. The Monitor asked Kropschot to give readers his outlook on the industry’s M&A landscape for 2011 and beyond.
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The Impact of the Economic Recession on Equipment Leasing Market Segments
The year 2009 has certainly been challenging for our industry, with new business volume decreasing significantly, high delinquency levels and charge-offs, plus many traditional funding sources evaporating. However, the seasoned industry veterans at The Alta Group recognize the economic recession has impacted various segments of the market differently. Bruce Kropschot explains the impacts as well as the emergence of the “new normal.”
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GE Buyout of PHH Faces Uncertainty
As Monitor went to press, GE Capital’s takeover of PHH Corporation remained in a state of limbo. GE announced in March that it had teamed up with The Blackstone Group to acquire New Jersey-based PHH in an all-cash transaction valued at $31.50 per share, or approximately $1.8 billion. Under terms of the agreement, PHH is [...]
Read more...Date Posted October 1, 2007
Wells Fargo Acquires CIT’s Construction Unit
The Power of Two
On June 22, Wells Fargo and the CIT Group announced they signed a purchase agreement in which Wells Fargo would acquire the construction lending unit of CIT. Ron Riecks will serve as general manager of the new entity called Wells Fargo Construction, which will be a division of Wells Fargo Equipment Finance.
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