Credit Services & Lending M&A » By The Online Investor Staff, updated Sun., Apr. 18, 5:43 AM
Recent mergers and acquisitions in the Credit Services & Lending M&A category.
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Slide #19. Accord Financial Corp. — Varion Capital Corp.
Acquirer:
Accord Financial Corp. (TSE:ACD.CA)
Acquiree:
Varion Capital Corp.
Details:
Accord Financial Corp. ("Accord") (TSX:ACD) today announced that it has completed the strategic acquisition of Varion Capital Corp. ("Varion Capital"), a Canadian lease finance company founded in 2004. The acquisition expands the range of asset-based financial services offered by Accord to include leasing.
Accord Financial, through its subsidiaries, is engaged in providing asset-based financial services, including factoring, financing, leasing, credit protection and receivables management, to industrial and commercial enterprises, mainly, in Canada and the U.S. Co.'s clients operate in many different industries, including apparel, financial and professional services, leasing, manufacturing, wholesale and distribution, transportation, chemicals, electronics, oilfield services, telecommunications, textiles, furniture, sporting goods, footwear, floor coverings, printing and industrial products. In addition, through Varion Capital Corp., Co. is involved in equipment financing businesses.
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