BakerHostetler M&A Team Represents ECN Capital Corp. in Entering into Definitive Agreement to Acquire Majority Stake in Kessler Financial Services

News / May 18, 2018

A BakerHostetler team led by Partner Steven Goldberg represented ECN Capital Corp. (TSX: ECN), one of North America’s leading financial services companies, in entering into of a definitive agreement to acquire a majority stake in Kessler Financial Services, L.P. d/b/a The Kessler Group, a one-of-a-kind industry leader that has shaped and transformed the payments industry for more than three decades. ECN Capital Corp. announced that it will pay $221.2 million in cash for its majority interest in The Kessler Group, valued at over $334 million for the purposes of the transaction. The deal is expected to close in the second quarter of 2018. Members of the team included Partners Elizabeth Ann Smith, Jonathon P. Cramer, Scott R. Weiser, John J. McGowan Jr., Gerald J. Ferguson, Melinda L. McLellan and Brian M. Harris; Of Counsel Judy Gechman; and Associates C. Tyler Silvey, Seth Engel, Amit Raviv, Ian R. Cohen, Maria A. de Dios, Kyle R. Fath and Keesha N. Warmsby.

Read the full press release.

The transaction was covered in Mergermarket and The Deal.

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