ECN Capital Related Content

PNC to Acquire ECN Capital’s U.S. Commercial, Vendor Finance Business

PNC Financial Services entered a definitive agreement to acquire the U.S.-based commercial and vendor finance business of ECN Capital for cash proceeds of approximately $1.253 billion. read more

ECN Capital Appoints Béland Chief Financial Officer

ECN Capital appointed Michel Béland to the position of chief financial officer. Béland had served as CFO of Element Financial since 2011. read more

Top 10 Equipment Finance Stories of 2016

DLL, Everbank’s acquisition by TIAA and Element’s split into two separate companies highlighted the top 10 news stories of the year. read more

Hudson Invests $18.2MM in ECN Shares; Holdings Valued at $26.6MM

ECN Capital CEO Steven Hudson purchased $18.2 million in ECN common shares. He also exercised options to purchase 300,000 shares for tax planning purposes. The purchases have a current market value of $26.6 million. read more

ECN Capital Reports Q3 Earning Assets Up 19% Year/Year

ECN Capital reported Q3/16 after-tax adjusted operating income of $27.4 million was up from $26.9 million in Q3/15. Total earning assets and assets under management of $7.5 billion were up 19% from $6.3 billion a year earlier. read more

Element’s Hudson Named EY Entrepreneur of the Year Ontario

Steven Hudson, chief executive officer of Element Financial won the 2016 Entrepreneur of the Year Ontario award. read more

Element Announces Adjusted Cost Base Allocation Following Reorganization

Element Fleet Management and ECN Capital announced estimates of the adjusted cost base allocation of the common shares of each entity for Canadian income tax purposes. read more

ECN Terminates INFOR Transaction, Confirms Growth and Capital Strategy

ECN Capital and INFOR Acquisition mutually agreed to terminate the transaction that would have resulted in the acquisition of INFOR by ECN. ECN also confirmed its growth and capital strategy. read more

Kroll Assigns Ratings to Element Fleet Management, ECN Capital

Kroll Bond Rating Agency assigned issuer ratings of A- to Element Fleet Management and BBB to ECN Capital, following the business separation of Element Financial. read more

Element Closes Business Separation Transaction

Element Financial, now Element Fleet Management and ECN Capital, completed the reorganization of Element into two separate publicly-traded companies. read more

INFOR Files Final Prospectus on ECN Capital Acquisition

INFOR Acquisition received a receipt for a final non-offering prospectus in connection with the completion of its proposed qualifying acquisition with ECN Capital. read more

Element Shareholders Overwhelmingly Vote in Favor of Business Split

Element Financial’s plan to split into two separate entities received nearly unanimous approval (99.52%) in a special meeting of shareholders. read more

Element Reports ECN Capital Portfolio Growth of 22% Y/Y

Element reported total earning assets for ECN Capital at the end of Q2/16 was $6.6 billion, up 22% compared to $5.4 billion at the end of Q2/15. read more

Element Board Unanimously Approves Business Separation Plan

Element Financial’s board of directors unanimously approved plans to proceed with the reorganization of Element into two separate publicly-traded companies targeted for closing on October 3, 2016. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
terry.mulreany@monitordaily.com
Susie Angelucci
Advertising: 484.459.3016
susie.angelucci@monitordaily.com

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com