Mergers / Acquisitions

Banc of California, PacWest Receive Final Regulatory Approval for Merger

The Board of Governors of the Federal Reserve System granted its approval of the previously announced combination of Banc of California and PacWest and their respective bank subsidiaries. read more

CNH Completes Purchase of Hemisphere GNSS

CNH Industrial completed its purchase of the global satellite navigation technology leader Hemisphere GNSS (Hemisphere) for a total consideration of $175 million. read more

Goldman Sachs Sells GreenSky to Sixth Street-Led Consortium

Goldman Sachs entered into an agreement to sell its GreenSky platform and associated loan assets to a consortium of institutional investors led by Sixth Street. The transaction is expected to close in Q1/24, subject to standard closing conditions. read more

Citi Agrees to Sell Onshore Consumer Wealth Portfolio in China to HSBC

Citi agreed to sell its onshore consumer wealth portfolio in China, including clients, assets under management and deposits, to HSBC Bank China. The transaction covers total deposits and investment assets under management of approximately $3.6 billion. read more

Oaktree Capital Management Acquires Consolidated Chassis Management

Funds managed by the transportation infrastructure strategy of Oaktree Capital Management acquired Consolidated Chassis Management, a manager of marine chassis pools in the U.S. read more

PNC Bank Acquires $16.6B in Capital Commitments Facilities of Signature Bridge Bank

PNC Bank acquired a portfolio of $16.6 billion in capital commitments facilities from Signature Bridge Bank through an agreement with the Federal Deposit Insurance Corporation as receiver. read more

Brookfield Infrastructure Partners Completes Acquisition of Triton International

Triton International Limited completed its acquisition by Brookfield Infrastructure Partners, through its subsidiary Brookfield Infrastructure Corporation (BIPC) and its institutional partners. read more

ECN Capital and Skyline Champion Form Captive Retail Finance Company

ECN Capital and Skyline Champion Corporation closed a previously announced private placement transaction. In connection with the private placement, the companies formed Champion Financing, a captive retail finance company. read more

Maritime Partners Acquires U.S. Marine Management

Maritime Partners, a provider of maritime financing solutions primarily focused on Jones Act vessels, announces that one of its managed funds acquired Norfolk, VA-based U.S. Marine Management from Maersk Line. read more

Brookfield Infrastructure Partners and Triton Receive Final Regulatory Approval for Acquisition

Brookfield Infrastructure Partners and Triton International have received all required regulatory approvals for the previously announced acquisition of Triton by Brookfield following the receipt of clearance from the Committee on Foreign Investment in the United States this week. read more

Stearns Bank Acquires Majority of Contract Capital Corporation

Stearns Bank acquired a majority stake in Contract Capital Corporation, a provider of specialized financing services to managed service providers. read more

Société Générale’s Equipment Finance Division Could Be Sold

According to Reuters, Société Générale may consider selling its equipment finance division, with the bank viewing “the business as non-core.” read more

Bank of Clarke Sells Marine Lending Business to Axos Bank

Virginia-based Bank of Clarke sold the assets of LaVictoire Finance, its marine lending business, to Axos Bank, a unit of Axos Financial. read more

Star Leasing Company Combines with Commercial Trailer Leasing

Star Leasing Company, a provider of trailer leasing and maintenance services, signed an agreement to combine with Commercial Trailer Leasing, a trailer lessor with a fleet size of more than 19,000 assets. Star Leasing also recently combined with North East Trailer Services.  read more

Titan Machinery to Acquire Australian Case IH Dealership Group for $63MM

Titan Machinery, an owner of a network of agricultural and construction equipment stores, entered into a definitive purchase agreement to acquire J.J. O’Connor & Sons (O’Connors), a Case IH dealership group in Australia, for $63 million in cash. read more

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