[isaacdstern]

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

[jbrown]

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.

[debtman222]

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

[isaacdstern]

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

[isaacdstern]

CIT Agrees to Acquire Technology-Driven Lender Direct Capital

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

[isaacdstern]

so the rumor I heard was true

[Sean Cash]

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.

[isaacdstern]

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

[MCAVeteran]

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

[isaacdstern]

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"

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