Element Financial Closes CoActiv Capital Partners Acquisition

Finance asset portfolio grows to $1.4 billion 
TORONTO, Nov. 30, 2012 /CNW/ - Element Financial Corporation (TSX: EFN) 
("Element" or the "Company"), Canada's leading independent equipment finance 
company, today announced that it has completed the previously announced 
acquisition of 100% of the shares of Horsham, Pennsylvania-based CoActiv 
Capital Partners, Inc. ("CoActiv") from Marubeni America Corporation and 
Marubeni Corporation (collectively "Marubeni") for aggregate consideration of 
approximately $300 million, including repayment of debt to Marubeni (the 
With the completion of the CoActiv acquisition, Element has increased its 
finance asset portfolio from approximately $1.1 billion to $1.4 billion. 
The approximately $300 million funding required to complete the Acquisition 
was satisfied through a combination of cash and approximately $230 million 
advanced under new securitization and related financing arrangements for the 
acquired finance assets. As part of the closing of the Acquisition, Element, 
CoActiv and CoActiv's Canadian subsidiary entered into arrangements with 
affiliates of a Canadian Schedule I bank providing for the securitization of 
substantially all of CoActiv's finance assets. 
Barclays and BMO Capital Markets acted as financial advisors to Element in 
connection with the Acquisition and Blake, Cassels & Graydon LLP acted as 
legal counsel. 
About Element Financial Corporation
With total assets of approximately $1.5 billion, Element Financial Corporation 
is Canada's leading independent equipment finance company. Element operates 
nationally in three verticals of the equipment finance market - Element 
Capital provides large ticket equipment leasing, Element Finance serves the 
mid-ticket equipment finance market and Element Fleet provides vehicle fleet 
leasing and management solutions through the Company's TLS Fleet Management 
Forward Looking Statements 
This release includes forward-looking statements regarding Element and its 
business. Such statements are based on the current expectations and views of 
future events of Element's management. In some cases the forward-looking 
statements can be identified by words or phrases such as "may", "will", 
"expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" 
or the negative of these terms, or other similar expressions intended to 
identify forward-looking statements. The forward-looking events and 
circumstances discussed in this release, the integration of CoActiv into 
Element following completion of the Acquisition and any synergies related 
thereto, and the anticipated growth of the CoActiv and Element business, may 
not occur and could differ materially as a result of known and unknown risk 
factors and uncertainties affecting the company, including risks regarding the 
equipment finance industry, economic factors and the equity markets generally 
and many other factors beyond the control of Element. No forward-looking 
statement can be guaranteed. Forward-looking statements and information by 
their nature are based on assumptions and involve known and unknown risks, 
uncertainties and other factors which may cause our actual results, 
performance or achievements, or industry results, to be materially different 
from any future results, performance or achievements expressed or implied by 
such forward-looking statement or information. Accordingly, readers should 
not place undue reliance on any forward-looking statements or information. 
Except as required by applicable securities laws, forward-looking statements 
speak only as of the date on which they are made and Element undertakes no 
obligation to publicly update or revise any forward-looking statement, whether 
as a result of new information, future events, or otherwise. 
John Sadler  Senior Advisor (416) 386-1067 ext. 313 
Michel Béland Chief Financial Officer (416) 386-1067 ext. 225 
SOURCE: Element Financial Corporation 
To view this news release in HTML formatting, please use the following URL: 
CO: Element Financial Corporation
ST: Ontario
-0- Nov/30/2012 19:55 GMT
Press spacebar to pause and continue. Press esc to stop.