MERGERS AND ACQUISITIONS
Hitachi Capital America Acquires Global Technology Finance
Hitachi Capital America signed a definitive agreement to purchase the assets of Global Technology Finance, a supply chain financing provider to value-added re-sellers in the technology industry whose business platform includes expertise in technology reseller financing and in-depth relationships across the IT supply chain.
Fifth Third Bancorp Completes Merger with MB Financial
Fifth Third Bancorp completed its acquisition of MB Financial. Primary systems and client conversion are expected to occur in early May 2019. Both Fifth Third and MB Financial customer relationships will continue business as usual until the conversion.
GE Transportation to be Spun Off, Merged with Wabtec
GE Finance has decided to spin-off Transportation Systems Holdings, which will hold a portion of GE Transportation and be subsequently merged with a Wabtec subsidiary. After the merger, SpinCo will continue as the surviving company.
Blue Street Capital to Acquire Numerica Vendor Finance Business
Blue Street Capital acquired the vendor finance business of Numerica Capital. Blue Street plans to retain substantially all existing Numerica employees. Said employees will continue to operate from their current locations.
MUFG to Acquire DVB Bank Aviation Finance Business
Mitsubishi UFJ Financial Group entered into an agreement with DVB Bank to purchase the latter’s Aviation Finance division. Though the financial terms were not disclosed, the deal is expected to close in the second half of 2019.