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New Deal


Announced

Crossroads Systems to acquire Fountainhead.

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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Friendly

Single Bidder

United States

Domestic

Private

Consumer Lending

Pending

low-LTV loans

Majority

Acquisition

Synopsis

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Crossroads Systems, a holding company focused on investing in businesses that promote economic vitality and community development, agreed to acquire Fountainhead, a national, non-bank, direct commercial lender specializing in business financing for small to midsize businesses. Financial terms were not disclosed. "This combination, when added to our existing partnerships with Enhanced Capital Group and Rise Line Business Credit, two other leading nationwide lending firms, will enable us to capture additional SBA loan business which fit perfectly within our growing pipeline of small business opportunities. On behalf of our entire organization, I'd like to formally welcome Fountainhead to the Crossroads family," Eric Donnelly, Crossroads CEO.

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