M&A Deal Summary

BBX Capital Acquires BFC Financial

On July 28, 2016, BBX Capital acquired financial services company BFC Financial

Acquisition Highlights
  • This is BBX Capital’s 1st transaction in the Financial Services sector.
  • This is BBX Capital’s 1st transaction in the United States.
  • This is BBX Capital’s 1st transaction in Florida.

M&A Deal Summary

Date 2016-07-28
Target BFC Financial
Sector Financial Services
Buyer(s) BBX Capital
Deal Type Merger

Target

BFC Financial

Fort Lauderdale, Florida, United States
BFC Financial Corp. is a diversified holding company provides financial services. BFC Financial was founded in 1980 and is based in Fort Lauderdale, Florida.

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Buyer(S) 1

Buyer

BBX Capital

Fort Lauderdale, Florida, United States

Category Company
Sector Financial Services
DESCRIPTION

BBX Capital Corp. is involved in the acquisition, ownership and management of joint ventures and investments in real estate and real estate development projects, as well as acquisitions, investments and management of middle market operating businesses. BBX Capital had total consolidated assets of $392.1 million, shareholders' equity attributable to BBX Capital of $336.0 million, and total consolidated equity of $337.3 million.


DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-25 Renin

Brampton, Ontario, Canada

Renin Corp. is a manufacturer of interior and closet doors, wall décor, associated systems & hardware and fabricated glass products through a portfolio of brand name and private label offerings including Erias, DSH, Acme, KingStar, TRUporte, Ramtrack and JJ Home Products. With facilities in Canada, the U.S. and the U.K., Renin services its broad distribution channels including big box building and home improvement supply retailers, home centers, distributors, other building supply manufacturers, volume builders and specialty retailers throughout North America and other markets, including the UK. Renin invented the mirror closet door 50 years ago and has been supplying innovative and quality products around the world ever since.

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