May 18, 2015
Willkie client Macquarie Group Limited announces deal to acquire Advantage Funding Management Co., Inc., a leading commercial vehicle finance firm, from Marubeni Group.
On May 14, Willkie client Macquarie Group Limited announced that it has entered into an agreement to acquire Advantage Funding Management Co., Inc., a leading commercial vehicle finance firm, from Marubeni Group. Pursuant to the agreement, Advantage Funding will become a wholly owned subsidiary of Macquarie’s Corporate and Asset Finance group (CAF). The transaction adds an automobile finance platform to Macquarie’s U.S. leasing portfolio.
Advantage Funding is a leading provider of transportation financing and leasing solutions servicing commercial and vehicle operators, dealers and manufacturers. Operating in more than 28 countries with more than 14,000 employees, Macquarie is a global provider of banking, financial, advisory, investment and funds management services.
In 2014, Willkie advised Macquarie in connection with a consortium investment into the joint venture for American Express’ Global Business Travel division.
The current deal was handled by a multidisciplinary Willkie team led by partner Mark Getachew, and included partners Alessandro Turina, David Katz, Mark Holdsworth, Anthony Carbone, Jordan Messinger, Richard Mancino and David Drewes, of counsel William Thomas, special counsel Kim Walker, and associates Del Ladd, Evan Goodman, Stephanie Moran, Michael Ispass, Annise Maguire, Christopher Chang, Dorna Mohaghegh, Isabel Araujo, Meredith Ruggles, Jose Mario Valdes, Marc Palladino and Jacob Moss.
