trending Market Intelligence /marketintelligence/en/news-insights/trending/ebbnfbotlboh_vp0g_j54g2 content esgSubNav
In This List

ECN Capital to invest $221M in The Kessler Group

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


ECN Capital to invest $221M in The Kessler Group

ECN Capital Corp. has signed an agreement to make a $221.2 million strategic investment in The Kessler Group.

Through the investment, ECN Capital will partner with The Kessler Group founder, Chairman and CEO Howard Kessler, his team and The Kessler Group's clients. Kessler will continue to run the company as chairman and CEO.

On a pro forma basis, the investment will be immediately accretive to adjusted EPS and return on equity, ECN Capital said in a news release.

The Kessler Group manages, advises and structures credit card and other consumer portfolios for credit card issuers, banks, credit unions, processors and payment networks.

Macquarie Capital and National Bank of Canada acted as transaction advisers. BMO and CIBC acted as financial advisers. Baker Hostetler LLP and Ropes and Gray acted as legal advisers.