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Wintrust Financial acquires Elektra Holding Co. in $51.9M deal

Wintrust Financial Corp. has acquired Elektra Holding Co. LLC and unit Chicago Deferred Exchange Co. LLC, in a cash deal valued at about $51.9 million.

The transaction is expected to be slightly accretive to Wintrust Financial's 2018 earnings per share.

Kirkland & Ellis LLP acted as Elektra's transaction counsel, while Schiff Hardin LLP served as transaction counsel to Wintrust Financial. Colonnade Securities LLC acted as a financial adviser to Elektra.