M&A Deal Summary

Radius Bancorp Acquires Radius Equipment Finance

On December 2, 2016, Radius Bancorp acquired financial services company Radius Equipment Finance from NewStar Financial

Acquisition Highlights
  • This is Radius Bancorp’s 1st transaction in the Financial Services sector.
  • This is Radius Bancorp’s 1st transaction in the United States.
  • This is Radius Bancorp’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2016-12-02
Target Radius Equipment Finance
Sector Financial Services
Buyer(s) Radius Bancorp
Sellers(s) NewStar Financial
Deal Type Divestiture

Target

Radius Equipment Finance

Boston, Massachusetts, United States
Radius Equipment Finance will provide flexible financing options for middle market companies to fund purchases of essential-use business equipment. The operational unit will be based out of Boston and sales professionals will cover territories across the U.S.

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Buyer(S) 1

Buyer

Radius Bancorp

Boston, Massachusetts, United States

Category Company
Sector Financial Services
DESCRIPTION

Radius Bank is a community bank offering a full complement of convenient, leading-edge personal and business products and services. The Bank serves consumers, small and middle-market businesses, unions, government entities, and non-profit organizations as its core clients. Radius Bancorp is based in Boston, Massachusetts.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

NewStar Financial

Boston, Massachusetts, United States

Category Company
Founded 2004
Sector Financial Services
Employees122
Revenue 220M USD (2015)
DESCRIPTION

NewStar Financial, Inc. is an internally-managed, commercial finance company with $7.3 billion of assets managed across two complementary business lines — middle market direct lending and asset management. The Company's direct lending activities are focused on meeting the complex financing needs of companies and private investors in the middle markets through specialized lending groups that offer a range of flexible debt financing options. Credit investments are originated directly through teams of experienced, senior bankers and marketing officers organized around key industry and market segments. Through its asset management platforms, NewStar offers a range of investment products employing credit-oriented strategies focused on middle market loans and liquid, tradeable credit.


DEAL STATS #
Overall 5 of 6
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 2 of 2
Country: United States M&A 5 of 6
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-24 Katena

Parsippany, New Jersey, United States

Katena is a provider of precision ophthalmic instruments and therapeutics to physician offices, hospitals, and surgical centers. Katena’s product offering includes precision surgical instruments, single-use devices, and specialty biologics that are sold into over 100 countries through a network of direct salespeople and distributors. Katena was founded in 1975 and is based in Parsippany, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-03 Custom Windows & Doors

Ocala, Florida, United States

Custom Window Systems, Inc. is a designer and manufacturer of windows, doors, and porch enclosure products in the southeastern United States. CWS offers a full range of aluminum impact-resistant windows and doors, aluminum and vinyl non-impact windows and doors, and porch enclosure products. Custom Window Systems, Inc. was founded in 1986 and is based in Ocala, Florida.

Sell -