Canada’s ECN Capital has agreed to be taken private in a CAD$1.9bn ($1.35bn) transaction led by Warburg Pincus, signalling heightened private equity interest in the financial services sector. The investor consortium will pay CAD$3.10 per common share in cash, a premium of roughly 13% over the preceding closing price.
ECN Capital, which has been listed on the Toronto Stock Exchange for more than nine years following its 2016 separation from Element Financial, provides financing services to banks and asset managers in the manufactured-home, recreational-vehicle and marine segments, leveraging technology to streamline loan origination.
The transaction follows a rebound in dealmaking after earlier macroeconomic and trade-policy headwinds, and comes as Canada’s central bank recently cut its benchmark rate, widening the appeal of acquisition financing in the sector. The deal is expected to close in the first half of 2026.
