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Mitsubishi UFJ Lease/Finance to Acquire ENGS Commercial Finance.


29 October 2018 - Illinois, US-based commercial finance company ENGS Commercial Finance Co, led by New York, US-based private equity firm Aquiline Capital Partners, has agreed to sell all shares of ENGS Commercial Finance Company to Japan-based trading and investment company Mitsubishi UFJ Lease and Finance Company Ltd., the company said.

Through its acquisition of ENGS, MUL is now extending its global reach of vendor finance to the United States of America.

Since Aquiline became the majority investor in ENGS in February 2015, Aquiline and ENGS have worked to expand ENGS' footprint and diversify ENGS' offerings, expanding into the industrial, construction, factoring and insurance sectors.

With this transaction, ENGS will continue to expand its existing relationships and markets with its US based vendors. ENGS will also be the US vendor-based platform for MUL's international clients doing business in the US.

The transaction is expected to close in 4Q18.

Mitsubishi UFJ Lease and Finance Co., Ltd. has grown its global asset business in the US through its acquisitions of Jackson Square Aviation, LLC, an aircraft leasing company, Beacon Intermodal Leasing, LLC, a marine container leasing company and full entry into freight car leasing through an alliance with Greenbrier Leasing company.

MUL is a global leasing company headquartered with its principal shareholders that include Mitsubishi Corp., a leading Japanese trading and investment company, and Mitsubishi UFJ Financial Group, Inc., a financial institution.

ENGS Commercial Finance Company specialises in equipment finance, working capital finance and insurance. ENGS offers industry-specific vendor finance programmes with a commitment to service, speed and simplicity.

Aquiline Capital Partners LLC invests in businesses across the financial services sector in banking and credit, insurance, investment management, and financial technology and services.

J.P. Morgan Securities LLC served as exclusive financial advisor and Latham and Watkins LLP served as legal counsel to ENGS.

Country: USA

Sector: Banking/Financial Services

Target: ENGS Commercial Finance Co

Buyer: Mitsubishi UFJ Lease and Finance Company Ltd

Vendor: Aquiline Capital Partners

Deal size in USD:

Type: Divestment


Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Oct 29, 2018
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