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January 2017

Lendcare Capital, Inc.

The Investment

CIVC Partners, L.P. (“CIVC”) has acquired a majority stake in Lendcare Capital, Inc. (“Lendcare” or the “Company”), a Toronto, Ontario based provider of point-of-sale installment financing for dealers and merchants of retail, power sports, home improvement, and auto products.

The Company

Lendcare was formed in 2004 by Ali Metel and Mark Schell as an outgrowth of their retail air filtration and vacuum dealerships where they began providing financing to their own customers. The experience of running retail dealerships and financing their own customer purchases allowed Ali and Mark to develop a set of tailored financing products and programs that would enable other retailers and merchants to increase sales to qualified buyers. From that early beginning, the company has grown to be one of the leading point-of-sale finance providers in Canada with a network of over 2,000 dealer and merchant relationships.

Value-Add Approach

Partnering with Ali and Mark in the Lendcare investment is an opportunity to work alongside experienced executives to capitalize on growth opportunities in an industry and market that CIVC has been targeting for investment. Prior to forming this partnership, CIVC completed a multi-year immersion effort in the point-of-sale finance sector and developed the key investment themes that guided our investment strategy. CIVC’s in-depth understanding of the point-of-sale finance industry along with the expertise and track record of Messrs. Metel and Schell and the platform they built at Lendcare will give us an opportunity to rapidly build a significant franchise in the sector.

The investment in Lendcare builds on CIVC’s investment experience in the financial services industry. Prior financial services investments have included, among others: Honor Finance, GWC Warranty Corporation, Innovative Aftermarket Systems, Pacific Crest, Wintrust Financial Corporation and First Franklin Financial Corporation.

If you would like to learn more about Lendcare or have an investment opportunity that you believe fits with Lendcare or CIVC’s Financial Services strategy, please contact Marc McManus (mmcmanus@civc.com) or Dan Helle (dhelle@civc.com).

CIVC Partners

CIVC Partners is a Chicago-based private equity firm established in 1970 that provides growth and buyout capital to middle-market companies and executives with a focus on the business services and financial services sectors. The current management team, which has worked together since 1989, has invested $1.5 billion in 60 platform investments and currently invests from CIVC Partners Fund V. More information on CIVC Partners and its portfolio companies can be found at www.civc.com.

 
 
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