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Announced

Completed

OnDeck management team completed acquisition of OnDeck from Enova International.

Financials

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

Tags

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Private

Completed

Acquisition

United States

Consumer Lending

online lending

Friendly

Domestic

Majority

Synopsis

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OnDeck management team completed acquisition of OnDeck, an online lender for Canadian small businesses, from Enova International, a financial technology company. Financial terms were not disclosed. “The management team at OnDeck Canada is extremely pleased to have completed this transaction. We are grateful for the support of our employees, partners and financial sponsors and look forward to capitalizing on the significant opportunities that lie ahead,” Neil Wechsler, OnDeck CEO.

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