M&A Deal Summary

Element Acquires CoActiv Capital Partners

On November 9, 2012, Element acquired financial services company CoActiv Capital Partners from Marubeni America for 300M USD

Acquisition Highlights
  • This is Element’s 2nd transaction in the Financial Services sector.
  • This is Element’s 2nd largest (disclosed) transaction.
  • This is Element’s 1st transaction in the United States.
  • This is Element’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2012-11-09
Target CoActiv Capital Partners
Sector Financial Services
Buyer(s) Element
Sellers(s) Marubeni America
Deal Type Divestiture
Deal Value 300M USD

Target

CoActiv Capital Partners

Horsham, Pennsylvania, United States
CoActiv Capital Partners LLC, a Vendor finance leasing program to the medical equipment and office technology manufacturers,Outsourcing small ticket leasing services to U.S. banks.

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Buyer(S) 1

Buyer

Element

Toronto, Ontario, Canada
Category Company
Founded 2007
Sector Financial Services
Employees2,700
Revenue 2.6B CAD (2023)
DESCRIPTION

Element is a provider of equipment finance companies. Element operates across North America in four verticals of the equipment finance market – Commercial & Vendor Finance, Aviation Finance, Railcar Finance and Fleet Management. Element was founded in 2007 and is based in Toronto, Canada.

DEAL STATS #
Overall 2 of 4
Sector (Financial Services) 2 of 2
Type (Divestiture) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-03 Alter Moneta

Longueuil, Quebec, Canada

Alter Moneta was established in 1998 as a de novo asset-based equipment finance company with the backing of Caisse de depot et placement du Quebec. Alter Moneta provides collateralized lending, financing and leasing services to middle-market businesses in the trucking and warehousing, construction, manufacturing, and services industries. The Company lends against and finances a wide range of new and used revenue-producing, essential-use equipment including cranes, trailers, and trucks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-07 PHH Arval

Sparks, Maryland, United States

PHH Arval provides fleet management services. PHH Arval was founded in 1946 and is based in Sparks, Maryland.

Buy $1.4B

Seller(S) 1

SELLER

Marubeni America

New York,, New York, United States
Category Company
Sector Distribution
DESCRIPTION

Marubeni America Corporation, which we also refer to as "MAC," is a general trading company, engaged as an intermediary, importer/exporter, facilitator or broker in various types of trade between and among business enterprises and countries.

DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 2
Type (Divestiture) 1 of 4
State (Pennsylvania) 1 of 1
Country (United States) 1 of 3
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-05 Prime Automotive Warehouse

Olive Branch, Mississippi, United States

Prime Automotive Warehouse,distribution of aftermarket auto parts, chemicals, and tools to its large reseller customer base. Prime mainly markets its products through a monthly catalog.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-09 All-State Belting

Des Moines, Iowa, United States

All-State Belting, LLC a conveyor belt distributor,Operating through its strategically-located regional facilities in the U.S.All-State Belting will continue to serve original equipment manufacturers’ end-user customers and select industrial distributors.

Buy -
Mergr

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