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05-13-2014, 04:43 PM #1
Direct Capital/CIT Group
Has anyone else heard that DC was sold to CIT Group?
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05-14-2014, 09:40 AM #2
- Join Date
- Dec 2012
- Posts
- 116
It wouldn't surprise me. They had a book on the street about 3 months ago. It would take a big number to buy them, and CIT would be a logical buyer.
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05-15-2014, 10:21 AM #3
- Join Date
- May 2014
- Posts
- 12
Where did you hear that, isaacdstern? Has it / will it be publicly announced?
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05-15-2014, 11:14 AM #4
I cant disclose my source but its very reliable...i don't believe its public yet
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06-24-2014, 07:09 PM #5
CIT Agrees to Acquire Technology-Driven Lender Direct Capital
http://www.marketwatch.com/story/cit...k=MW_news_stmp
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06-24-2014, 07:44 PM #6
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06-24-2014, 11:08 PM #7
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06-25-2014, 03:59 AM #8
Direct Capital/CIT Group
They used to do a ton of deals with Ondeck and Mcc. They started funding their own deals 18 months ago. I honestly have no clue what they are doing now. I did hear that 80 percent of upper management is no longer with DCC, they were asked nicely to take a severance package before the deal went down
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06-26-2014, 09:36 AM #9
http://www.equipmentfa.com/news/3219...direct-capital
Similiar along the earlier link but addtl info
Will end of year be several more consolidations and IPOs? Many say yesLast edited by MCAVeteran; 06-26-2014 at 09:38 AM. Reason: Addtl
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06-26-2014, 10:26 AM #10
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