Mergers / Acquisitions

ECN Capital Closes Acquisition of Triad Financial Services

ECN Capital closed the acquisition of Triad Financial Services which will expand ECN’s U.S. finance business into prime and super-prime manufactured housing lending. read more

MUFG to Acquire Majority Share of Bank Danamon

Mitsubishi UFJ Financial Group entered into conditional share purchase agreements with Asia Financial Indonesia and other affiliated entities to acquire their shareholding interests in PT Bank Danamon Indonesia. read more

Old Second Bancorp Acquires Greater Chicago Financial

Old Second Bancorp agreed to acquire Greater Chicago Financial and its wholly-owned bank subsidiary, ABC Bank. read more

Hyster-Yale to Acquire Controlling Interest in Zhejiang Maximal Forklift

Hyster-Yale Materials Handling entered an agreement to acquire 75% of shares and a controlling interest in Zhejiang Maximal Forklift Company from KNSN Pipe and Pile Company for $90 million. read more

Great Western Leasing Acquires Trinity Trailer

Great Western Leasing and Sales acquired Trinity Trailer Sales & Services and Trinity Trailer Rental, while also becoming the official Transcraft dealer in the Dallas market. read more

Sky News: RBS to Auction Lombard Leasing Assets

Sky News reported that the Royal Bank of Scotland has enlisted KPMG to auction the offshore assets of its Lombard asset finance group in a sale expected to deliver £200 million ($265.4 million). read more

ECN Capital to Sell Canadian Commercial and Vendor Finance Assets

ECN Capital entered into a definitive agreement with Canadian Western Bank to sell its Canadian Commercial and Vendor Finance assets for cash proceeds of approximately C$900 million ($700.74 million. read more

Ernst & Young Report: M&A Returns to Normal Levels

Ernst & Young’s Capital Confidence Barometer indicated U.S. executives are confident in U.S. economic indicators, with 63% expecting improved corporate earnings and 58% indicating a positive stock market outlook. read more

CapX Partners Joins Accord Financial Family

Accord Financial announced CapX Partners joined the Accord group of companies. CapX will continue to serve clients under the CapX Partners banner. read more

ECN Capital Acquires Triad Financial Services for $100MM

ECN Capital entered into a definitive agreement to acquire Triad Financial Services for $100 million in cash. read more

Colford to Invest NMC Sale Proceeds in North Mill Equipment Finance

Colford Capital Holdings sold 100% of the equity interests of North Mill Capital to Solar Senior Capital. Colford will invest some of the North Mill Capital sale proceeds in North Mill Equipment Finance. read more

Harvard Partners Announces Investment Interests in Commercial Finance

Harvard Partners is seeking to invest in, or purchase, small innovative U.S.-based commercial finance firms. read more

Hitachi Capital Canada, CLE Capital Celebrate Fifth Year of Collaboration

This year marks the fifth anniversary of the collaboration between CLE Capital, formerly known as CLE Leasing, and Hitachi Capital America. read more

Sterling and Astoria Financial Complete Merger

Sterling Bancorp completed its previously announced merger with Astoria Financial. The merger will leverage Astoria’s presence on Long Island to complement Sterling’s expansion in the greater New York City market. read more

Aviation Capital Group Gets Strategic Investment from Tokyo Century

Tokyo Century entered into an agreement with Pacific Life Insurance that resulted in an investment of a 20% membership interest in Aviation Capital Group. read more

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