Mergers / Acquisitions

Crestmark to Acquire TIP Capital

Crestmark and TIP Capital announced they entered into an agreement for Crestmark to acquire TIP Capital’s equipment leasing and asset management business, to be completed in September 2014. read more

JPMorgan, Wells to Finance Burger King/Tim Hortons Merger

Tim Hortons and Burger King said they will merge, creating the third largest quick service restaurant company. Burger King obtained commitments for a $9.5 billion financing package led by JPMorgan and Wells Fargo. read more

ePlus Acquires Evolve Technology Group

ePlus announced that its subsidiary, ePlus Technology, acquired the operating assets and assumed certain liabilities of Granite Business Solutions. read more

Cole Taylor EF Becomes Subsidiary of MB Financial

MB Financial announced it completed its acquisition of Taylor Capital and that Cole Taylor Equipment Finance is now a wholly-subsidiary of MB Financial Bank. read more

GE Energy Financial, Casillas to Acquire Oil & Gas Reserves

GE Energy Financial Services announced it partnered with Casillas Petroleum to purchase oil and gas reserves in southwest Kansas from Cimarex Energy. read more

Carolina Alliance Acquires Dave McBride Leasing

Carolina Alliance Bank announced it has acquired the commercial leasing operations of Dave McBride Leasing. McBride will manage the bank’s SC leasing operations. read more

CIT Completes Acquisition of Direct Capital

CIT Bank announced it has completed its acquisition of Direct Capital, a provider of financing to small and mid-sized businesses. read more

GE Capital Finances Cotti Foods’ Wendy’s Acquisitions

GE Capital’s Franchise Finance business announced that it has loaned $39.4 million to Cotti Foods for the acquisition of 39 Wendy’s restaurants, the remodeling of existing units and the development of new units. read more

TransForce to Acquire Contrans

TransForce announced it will acquire Contrans Group for a total equity purchase price of approximately $495 million. The offer is expected to commence on or about August 21, 2014. read more

S&P Affirms CIT’s Ratings, Supports OneWest Acquisition

S&P views CIT’s pending OneWest Bank acquisition as like to improve CIT’s current credit profile, despite the fact that the transaction will weakening the company’s capital and raise integration and strategic risks and uncertainties. read more

CIT to Acquire OneWest Bank

CIT Group announced it entered into a definitive agreement and plan of merger with IMB Holdco, the parent company of OneWest Bank, for $3.4 billion in cash and stock. read more

KeyCorp Acquires Pacific Crest Securities

KeyCorp announced it entered into an agreement to acquire Pacific Crest Securities, a technology focused investment bank and capital markets firm located in Portland, OR. read more

Element Closes PHH Arval Acquisition

Element Financial said it has closed its acquisition of the assets and operations of PHH Arval for a purchase price of $1.4 billion. The acquisition increases Element’s total assets to $10.0 billion. read more

National Leasing Acquires UMA Finance

National Leasing Group announced its acquisition of Norand Capital, operating as UMA Finance. The company will target forestry, transportation and construction industries. read more

ATEL Announces Silverpop Acquired by IBM

ATEL Ventures announced that Silverpop, an ATEL Growth Capital portfolio company, was recently acquired by IBM. ATEL provided an equipment financing credit line to Silverpop. read more

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