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Regions Bank to Acquire Leading Equipment Finance Lender Ascentium Capital

Vinson & Elkins advised management of Ascentium Capital, a portfolio company of Warburg Pincus, in the sale of Ascentium Capital to Regions Bank, one of the nation’s largest full-service providers of consumer and commercial banking, wealth management and mortgage products and services with $126 billion in assets.

Ascentium Capital, headquartered in Kingwood, Texas, is the largest independent equipment finance lender in the United States with approximately $2 billion in loans and leases as of year-end and originations of $1.5 billion in 2019.

The V&E team was led by James Garrett and Michael Marek with primary assistance from Kristy Fields, Shane Tucker, Sean Becker and Todd Way.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 12 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.

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