La Banque Nationale du Canada has acquired a 100% stake in Credigy Ltd., building on its previous investment and underscoring its commitment to the specialty finance sector.
Target Information
La Banque Nationale du Canada has announced the acquisition of a 100% stake in Credigy Ltd., reinforcing its commitment to the company. Initially joining Credigy's shareholder base in 2006, the bank had increased its stake over the years, eventually holding 80% before this latest transaction.
Founded in 2001 and headquartered in Atlanta, Georgia, Credigy is a global specialty finance company. The firm possesses the capability to acquire or finance a wide array of assets, primarily focusing on consumer-related investments across various regions. With a track record of over 320 transactions amounting to more than $16 billion in investments, Credigy has established itself as a formidable player in the financial sector.
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Industry Overview
In the United States, the specialty finance industry has evolved significantly, characterized by its adaptability to changing market conditions and economic landscapes. T
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La Banque Nationale du Canada
invested in
Credigy Ltd.
in 2020
in a Management Buyout / Buy-In (MBO) deal