eCapital acquired CNH Finance, a Connecticut-based specialty finance company focused on the healthcare industry. The deal, which closed on May 2, advances eCapital’s long-term growth strategy to expand its specialty finance business through the acquisition of companies and portfolios that fit its growth model. This marks eCapital’s 12th acquisition within the alternative finance sector in the last four years.
“The addition of CNH Finance complements our current offering and supports our growth strategy as we continue to advance our position in the finance industry,” Marius Silvasan, CEO of eCapital, said. “CNH Finance has deep expertise and a talented team that will be key as we expand into the healthcare industry.”
“We have built a successful specialized lending company over the last 12 years. Now is the right time in our evolution to become part of a larger organization with access to the capital, technology and reach we need to scale,” Tim Peters, CEO of CNH Finance, said. “We look forward to being part of the eCapital family and expanding our opportunities to serve the healthcare industry.”
Hovde Group served as advisor to CNH Finance on the acquisition.
Editor’s Note: This article has been updated to correct the date of the acquisition’s closing.
