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New Deal


Announced

Completed

ECN Capital completed a $75m investment in Intercoastal Financial Group.

Financials

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Transaction Value£61m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Minority

Cross Border

Private

Single Bidder

Private Equity

United States

financial solutions

Diversified Financials

Friendly

Acquisition

Synopsis

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ECN Capital, a provider of business services to North American based banks, credit unions, life insurance companies, pension funds and investment funds, completed a $75m investment in Intercoastal Financial Group, a premier marine and RV financing company. "We are also very excited to welcome Hans Kraaz and the team at Intercoastal Financial Group. IFG is an excellent tuck-in investment and when combined with Source One creates a $1bn+ marine and RV originator with national reach. We are extremely excited about the opportunities in the marine and RV sector and look forward to continuing to build out the vertical over the coming quarters," Steven Hudson, ECN Capital CEO.

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