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New Deal


Announced

Completed

Peoples Bank completed the acquisition of assets of North Star Leasing for c. $48m.

Financials

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Transaction ValueÂŁ34m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Domestic

leasing

Friendly

business equipment

Leasing

Majority

United States

Private

Single Bidder

Acquisition

Completed

Synopsis

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Peoples Bank, a full-service bank, completed the acquisition of assets of North Star Leasing, a provider of equipment financing solutions, for c. $48m. "There's a strong team in place at North Star Leasing committed to serving clients and driving future growth. North Star Leasing’s culture and commitment to community is a natural fit with Peoples Bank," Chuck Sulerzyski, Peoples Bank President and CEO.

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