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New Deal


Announced

SmartBank to acquire Fountain Leasing for $65m.

Financials

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Transaction Value£47m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private Equity

investment management services

Pending

Domestic

Private Equity

Acquisition

Private

Friendly

Majority

Single Bidder

Synopsis

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SmartBank, the banking subsidiary of SmartFinancial, a bank holding company, agreed to acquire Fountain Leasing, an investment management firm, for $65m. "While Fountain will continue to operate much as it does today, we are excited to introduce the broader array of products and services the SmartBank platform has to offer to Fountain’s clients. The opportunity to diversify our business lines and expand these services across our footprint is what attracted us to this opportunity," Billy Carroll, SmartFinancial President and CEO.

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