Capstone Headwaters advised Lantern, a revolutionary financial technology company, on its acquisition by a leading financial lending corporation. The buyer and terms of the deal were not disclosed.
The seller offers a flexible platform that uses transformative technology to empower customers in their credit decision-making process. They are a financial technology company partnering with lenders, banks, strategic partners, and credit reporting agencies to provide a proprietary platform that enhances the existing financial infrastructure.
The buyer provides tailored financial products and solutions to several hundred thousand members for borrowing, saving, spending, investing, and protecting their income.
This is one of several transactions Capstone Headwaters has recently advised in the Fintech industry.
David Francione, Managing Director, for Capstone Headwaters’ Financial Technology Practice, commented
“You have two of the best-of-breed companies in their respective markets and by combining the technology with the buyer’s footprint will provide a very differentiated offering in the marketplace."
IMAP closed 193 M&A transactions valued at over $7.0 billion in 2020, down from the 7 year high of 235 deals closed in 2019.
GMD holds 12 food retail stores in the Azorean Autonomous Region, on the São Miguel, Santa Maria and Pico islands, and 1 wholesale cash and carry store on São Miguel island.
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