M&A Deal Summary

BharCap Partners Acquires Red Oak Inventory Finance

On March 22, 2024, private equity firm BharCap Partners acquired financial services company Red Oak Inventory Finance from ECN Capital

Acquisition Highlights
  • This is BharCap Partners’ 2nd transaction in the Financial Services sector.
  • This is BharCap Partners’ 4th transaction in the United States.
  • This is BharCap Partners’ 1st transaction in Georgia.

M&A Deal Summary
Date 2024-03-22
Target Red Oak Inventory Finance
Sector Financial Services
Buyer(s) BharCap Partners
Sellers(s) ECN Capital
Deal Type Divestiture

Target

Red Oak Inventory Finance

Alpharetta, Georgia, United States
Red Oak Inventory Finance specializes in providing inventory financing solutions to businesses across a variety of industries. Red Oak Inventory Finance is based in Alpharetta, Georgia.

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Buyer(S) 1

Buyer

BharCap Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2021
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BharCap Partners is a private equity firm focused on investments in the financial services industry. The Firm typically invests between $50 and $350 million per transaction in companies with EBITDA of $5 to $50 million. Specific areas of interest include wealth and asset management, insurance, financial technology, specialty finance, and tech-enabled business services. BharCap Partners was established in 2021 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 4 of 5
Sector (Financial Services) 2 of 2
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 4 of 5
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-14 Insurvia

Las Vegas, Nevada, United States

Insurvia is an insurance services holding company with subsidiaries including Fiesta Insurance, a leading retail franchisor of insurance products and services with 70 franchisees operating 235 retail stores across nine states and a growing eCommerce platform, and bravo general, an MGA with an omnichannel distribution strategy serving the automotive market. Insurvia is based in Las Vegas, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-19 Electronic Merchant Systems

Cleveland, Ohio, United States

Electronic Merchant Systems has helped small to mid-sized business owners realize their full potential and grow their financial well-being. With offices in more than 50 U.S. cities—servicing tens of thousands of retail, internet, and start-up businesses nationwide. By providing an innovative suite of business solutions and high-quality service, EMS has become a leading provider of payment processing and merchant services. Electronic Merchant Systems founded in 1988 and headquartered in Cleveland, Ohio,

Buy -

Seller(S) 1

SELLER

ECN Capital

Toronto, Ontario, Canada
Category Company
Founded 2016
Sector Financial Services
Employees580
Revenue 160M USD (2023)
DESCRIPTION

ECN Capital is a commercial finance company operates across North America in three verticals of the commercial finance market (Rail Finance, Commercial & Vendor Finance, and Commercial Aviation Finance). ECN Capital was founded in 2016 and is based in Toronto, Ontario.

DEAL STATS #
Overall 4 of 4
Sector (Financial Services) 4 of 4
Type (Divestiture) 4 of 4
State (Georgia) 1 of 1
Country (United States) 4 of 4
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-24 Onboard Partners

Boston, Massachusetts, United States

Onboard Partners is specialized in helping financial services companies and their partners solve challenges within credit cards, unsecured loans, and merchant acquiring. Onboard Partners is based in Boston, Massachusetts.

Sell $210M
Mergr

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