Mergers / Acquisitions

Customers Bank Acquires $631MM Venture Loan Portfolio, Recruits Venture Banking Team

Customers Bank acquired a $631 million venture banking loan portfolio from the FDIC at approximately 85% of book value. Customers Bank also recruited 30 team members from the group that originated the loans to service the venture-backed growth industry. read more

First Federal Bank Acquires Mortgage Division of BNC National Bank

First Federal Bank acquired the assets and added the team of employees from BNC National Bank's mortgage division. read more

Triton Announces Expiration of Hart-Scott-Rodino Act Waiting Period for Brookfield Acquisition

Triton International, a lessor of intermodal freight containers, announced the expiration of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the proposed acquisition of Triton by Brookfield Infrastructure Partners. read more

UBS Completes Acquisition of Credit Suisse

UBS completed the acquisition of Credit Suisse, with Credit Suisse Group merging into UBS Group. The combined entity will operate as a consolidated banking group. read more

BlackRock to Acquire Private Debt Manager Kreos Capital

BlackRock and Kreos Capital entered into a definitive agreement under which BlackRock will acquire full control of Kreos, which is a provider of growth and venture debt financing to companies in the technology and healthcare industries. read more

Utility Sales & Service Acquires Power Equipment Leasing Company

Utility Sales & Service, a provider of aerial lift and specialty trucks, acquired aerial equipment rental specialist Power Equipment Leasing Company of Romeoville, IL. read more

Servus Credit Union Acquires Canadian Equipment Leasing Company Stride Capital

Servus Credit Union acquired Stride Capital, a Calgary, AB-based equipment financing and leasing provider. read more

LeaseAccelerator Acquires LeaseController from Deloitte

LeaseAccelerator, a provider of lease lifecycle automation software, completed the acquisition of the LeaseController software-as-a-service product and related business operations from Deloitte.  read more

Moritt Hock & Hamroff Bolsters M&A and Tax Practices

Michael B. Kaufman joined Moritt Hock & Hamroff as a partner and chair of the firm’s tax practice group, while Brian C. Daughney joined as a partner in the firm’s corporate, M&A and securities practice group and Murray D. Schwartz joined as senior counsel. read more

Mid Penn Bancorp Completes Acquisition of Brunswick Bancorp

Mid Penn Bancorp completed its acquisition of Brunswick Bancorp. The combined stock and cash transaction was valued at approximately $43.7 million and will extend Mid Penn’s footprint into Middlesex and Monmouth counties in central New Jersey. read more

Fifth Third Bank Completes Acquisition of Big Data Healthcare

Fifth Third Bank completed the acquisition of Big Data, a technology solutions provider for healthcare payments and remittance. The acquisition was made by an indirect wholly-owned subsidiary of Fifth Third Bank and financial terms were not disclosed. read more

Ares Management Leads $3B in Financing to Support Acquisition of Merchants Fleet

Ares Management served as the lead arranger and junior agent for $3 billion in asset-backed and operating company financing for Merchants Fleet as part of the acquisition by Bain Capital and the Merchants executive team. read more

TD Bank and First Horizon Mutually Agree to Terminate Merger Agreement

TD Bank and First Horizon entered into a mutual agreement to terminate their previously announced merger agreement, originally announced on Feb. 28, 2022. read more

I Squared Capital Acquires Australian Transport Equipment Leasing Company

I Squared Capital, an infrastructure investment manager, signed a definitive agreement, through its ISQ Global Infrastructure Fund III, to acquire Rentco, a transport equipment leasing and rental company in Australia. read more

JPMorgan Chase Acquires Majority of First Republic Assets, Including All Deposits

JPMorgan Chase acquired the substantial majority of assets and assumed the deposits and certain other liabilities of First Republic Bank from the Federal Deposit Insurance Corporation. As part of the purchase, JPMorgan Chase is assuming all insured and uninsured deposits. read more

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