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.
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