.
MergerLinks Header Logo

New Deal


Announced

Completed

Skyline Champion completed the investment of CAD185m in ECN Capital.

Financials

Edit Data
Transaction Value£108m
Consideration TypeCash
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Canada

financial services

Private Equity

Minority

Public

Single Bidder

Acquisition

Private Equity

Cross Border

Friendly

Completed

Synopsis

Edit

Skyline Champion, a producer of factory-built housing in North America, completed the investment of CAD185m in ECN Capital, a Canadian financing company. "We are pleased to announce this new and expanded partnership with Skyline Champion, a leading participant in the North American manufactured housing sector. This transaction represents the culmination of the strategic review process that we commenced earlier this year, and we are very excited by the significant growth opportunities that the establishment of the new captive finance company will bring to Triad. The concurrent equity and preferred share investments in ECN Capital also represent a strong endorsement of ECN Capital’s business model and the value of our platform," Steven Hudson, ECN Capital CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US