Element Establishes Strategic U.S. Vendor Platform with Acquisition of CoActiv Capital Partners – and – Announces $100 Million Equity Financing To Fund the Transaction and Related Growth
Transaction delivers established vendor programs and expertise to anchor Element’sU.S. growth strategy CoActiv generates US$220 million in annual originations through more than 15 vendorfinance programs Acquisition provides scalable U.S. and Canadian platforms with proven originationcapabilities Complementary vendor platform provides natural fit with Element’s current businessverticals and cross-border potential accelerates growth strategy Acquisition expected to be accretive to Element’s 2013 earnings per share; acquired at1.25 multiple to book value Bought deal equity financing further strengthens Element’s balance sheet and providesadditional…
Financing Experts Posted Advice Online for Buying and Selling a Business or Franchise
I attended a webinar a few weeks ago called “Best Practices in Buying and Selling a Business with a Focus on Financing.” It explored the availability of transactional financing to buy or sell a small business. BoeFly.com, an online matchmaking site that pairs borrowers with lenders presented the webinar. Mike Rozman, BoeFly’s co-president moderated the panel with expertise in buying and selling small businesses, financing, appraising and brokering existing franchises.
To start the event, Rozman introduced Beth Solomon, vice president of the International Franchise Association. “The IFA and BoeFly have a strategic alliance in which we’re working together to offer tools and solutions, good advice, counsel, information that our members can use to advance in franchising, especially on the financing side,” she said.
Celebrating 50 years of excellence, education and advocacy, the International Franchise Association is the world’s oldest and largest organization representing franchising worldwide. IFA’s mission is to protect, enhance and promote franchising through government relations, media relations and educational programs. more