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Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Sun., Apr. 11, 8:13 AM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #41. Accord Financial Corp. Portfolio of Loans from Brome Capital

Acquirer: Accord Financial Corp. (TSE:ACD.CA)
Acquiree: Portfolio of Loans from Brome Capital
Details: Accord Financial Corp. (TSX: ACD) announced today that it has acquired a portfolio of factoring and asset-based loans from Brome Capital through its subsidiary, Accord Financial Inc. (AFI). After taking into account the acquisition, Accord's portfolio of loans currently exceeds $120 million.

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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Company Name: 
Accord Financial Corp
Website: 
www.accordfinancial.com
Sector: 
Credit Services & Lending
 

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