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New Deal


Announced

Completed

Regions Bank completed the acquisition of Ascentium Capital from Warburg Pincus.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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equipment finance

Private Equity

Private

United States

Acquisition

Friendly

Diversified Financials

Majority

Single Bidder

Completed

Synopsis

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Regions Bank, a bank holding company, completed the acquisition of Ascentium Capital, the largest independent equipment finance lender in the United States, from Warburg Pincus. Financial terms were not disclosed. "We are pleased to join Regions, a firm known for its commitment to the customer experience and a long history of providing comprehensive banking solutions to companies of all sizes. This combination will enable us to expand our reach and relevance in serving our vendors and small business customers while continuing to provide seamless service," Tom Depping, Ascentium Capital CEO.

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