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  5. Allied Northern Capital Acquires Auto Repairs Can

M&A Deal Summary

Allied Northern Capital Acquires Auto Repairs Can

On May 8, 2009, Allied Northern Capital acquired insurance company Auto Repairs Can from Evans Ford Lincoln for 500M CAD

Acquisition Highlights
  • This is Allied Northern Capital’s 1st transaction in the Insurance sector.
  • This is Allied Northern Capital’s largest (disclosed) transaction.
  • This is Allied Northern Capital’s 1st transaction in Canada.

M&A Deal Summary
Date 2009-05-08
Target Auto Repairs Can
Sector Insurance
Buyer(s) Allied Northern Capital
Sellers(s) Evans Ford Lincoln
Deal Type Divestiture
Deal Value 500M CAD

Target

Auto Repairs Can

Canada
Auto Repairs Can Corp. is a provides vehicle owners/lessors a mechanism to finance auto repairs that are required on their vehicles. The loan is an asset based personal loan secured by the applicant's vehicle under the Repair and Storage Liens Act (Ontario).

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Buyer(S) 1

Buyer

Allied Northern Capital

Toronto, Ontario, Canada
Category Company
Sector Financial Services
DESCRIPTION

Allied Northern Capital Corp. is a provider of financial services in Canada.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Canada M&A 1 of 1
Year: 2009 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Evans Ford Lincoln

Toronto, Ontario, Canada
Category Company
Founded 1953
Sector Internet Software and Services
DESCRIPTION

Evans Ford Lincoln, Inc. is a provider of online used and new vehicles dealers in canada.

DEAL STATS #
Overall 1 of 1
Sector: Insurance M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Canada M&A 1 of 1
Year: 2009 M&A 1 of 1
Size (of disclosed) 1 of 1
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