Need a Funder or Vendor? START HERE

Results 1 to 10 of 10
  1. #1

    Direct Capital/CIT Group

    Has anyone else heard that DC was sold to CIT Group?

  2. #2
    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.

  3. #3
    Where did you hear that, isaacdstern? Has it / will it be publicly announced?

  4. #4
    I cant disclose my source but its very reliable...i don't believe its public yet

  5. #5
    CIT Agrees to Acquire Technology-Driven Lender Direct Capital

    http://www.marketwatch.com/story/cit...k=MW_news_stmp

  6. #6
    so the rumor I heard was true

  7. #7
    A forum user Reputation points: 2147483647 Sean Cash's Avatar
    Join Date
    Aug 2012
    Location
    New York City
    Posts
    1,878

    Quote Originally Posted by isaacdstern View Post
    so the rumor I heard was true
    for your amazing prediction powers, I award you with 10 rep points.

    does DCC fund any of their own mca deals or do they still broker them out? I've always known them to be a HUGE shop. I was curious to know which funder(s) benefit from them.

  8. #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

  9. #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 yes
    Last edited by MCAVeteran; 06-26-2014 at 09:38 AM. Reason: Addtl

  10. #10
    agreed all the way with that statement.....as more and more money jumps into the alternative lending space you will see more and more acquisitions. I heard someone say recently the hot buzz word in the hedge fund circles these days is "merchant cash advance"

    Quote Originally Posted by MCAVeteran View Post
    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 yes

Similar Threads

  1. Replies: 3
    Last Post: 05-19-2020, 12:08 PM
  2. Direct mail
    By Xasharyp in forum Merchant Cash Advance
    Replies: 4
    Last Post: 02-21-2014, 01:20 PM
  3. LendMark Capital Group
    By LendMarkCap in forum Merchant Cash Advance
    Replies: 18
    Last Post: 07-17-2013, 03:42 PM
  4. Replies: 1
    Last Post: 05-22-2013, 11:41 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  


INDUSTRY ANNOUNCEMENTS

BoA launches business loan marketplace
Quickbooks adds new LOC product
Dext Capital upsizes corp note


DIRECTORY