Shortly following the split, ECN initiated an 18-month capital redeployment period to harvest existing commercial finance businesses and redeploy the capital into businesses generating higher returns for its shareholders.
Macquarie Capital partnered with ECN to help identify the right opportunities and execute on a strategy to position ECN for long-term success.
In addition to advising on five successful business divestitures, we helped ECN look beyond its traditional lines of business to identify acquisition targets aligned with a new strategy.
Within 18 months, Macquarie advised on seven transactions including the acquisitions of Service Finance Company and strategic investment in the Kessler Group, transforming ECN from a commercial equipment finance company to a leading provider of prime credit portfolios.
By taking on an owner’s perspective, our expert advisory teams assisted in securing the right opportunities to help ECN prepare for a more successful future.
Today, ECN Capital originates, manages and advises on prime consumer credit portfolios in credit cards, home improvement finance and manufactured housing finance.
With a newly diversified business mix including 3 business lines and over $US28 billion of managed and advised credit portfolios, ECN partners with over 90 financial institutions ranging from some of the largest US banks and credit unions to community banks and local institutions.