Corpfinance International Limited acquires auto leasing companies

Ownership a natural extension of CFI's existing auto lease financing portfolio

TORONTO, May 12 /CNW/ - Corpfinance International Limited today announced it has extended its business into the auto leasing segment with the acquisition of four independent leasing companies.  In Toronto these businesses will operate under the brand names Landmark Leasing and Palladini Leasing and in Vancouver under the name AutoOne Leasing.

"Through CFI Trust, Corpfinance has long been a major player in the automotive and lease financing business" said Kevin Andrews, President and CEO of Corpfinance International Limited.  "We've originated over 4 billion dollars in assets through CFI Trust; we have over 25 years experience and a core expertise in the business of financing auto leasing companies.  Moving into a phase where we run these businesses directly is a natural extension of our portfolio."

"Over the past few years it became apparent to us that many independent leasing companies had limited succession planning in place. This combined with the lack of one dominant player in the market presented a wonderful opportunity for us" said Mr. Andrews.

"Leveraging the financial stability and expertise of CFI, we will consolidate the administrative functions and management of these companies.  We can also effectively share vehicle inventory and extend our market penetration" said Rozmin Patel, Senior Vice President. "Economies of scale can have a huge impact. We can run multiple leasing companies much more efficiently and profitably than if we tried to run each business independently."

"With the strengthening of the economy we are seeing a resurgence in consumer confidence.  This naturally encourages car leasing, which is more flexible, easier, and more affordable than purchasing a vehicle.  All of this bodes well for our new venture" said Mr. Andrews. "We are confident we can run our leasing companies efficiently and responsibly applying the values and business standards CFI has historically applied to all its transactions and divisions resulting in a strong new revenue stream for Corpfinance."

About CFI Group:

With over 25 years of experience and having completed $6 billion of transactions, CFI Group, through Corpfinance International Limited, CFI Capital and CFI Trust, are specialists in providing customized medium and long-term debt and equity financing solutions for private and public corporations.  The Company is based in Toronto, Ontario with offices in Quebec and British Columbia.

CFI Group offers debt through Corpfinance International, equity capital solutions through its subsidiary CFI Capital, which manages the CFI Infrastructure Opportunities Fund, and securitization solutions through CFI Trust.  CFI Trust is a special purpose vehicle and issues notes backed by the Trust's revolving portfolio of leases and secured loans related almost exclusively to passenger vehicles.

SOURCE Corpfinance International Limited

For further information:

Kevin Andrews
President and CEO
CFI Group

Profil de l'entreprise

Corpfinance International Limited

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