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

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


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.