Element Financial Closes Nexcap Acquisition

TORONTO, Jan. 18, 2013 /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 Nexcap Finance Corporation ("Nexcap") for 
approximately $20 million plus and assumption of $75 million debt financing. 
With the completion of the Nexcap acquisition, Element has increased its 
finance asset portfolio to approximately $1.5 billion. 
GMP Securities L.P. acted as financial advisor 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 and the anticipated growth of the 
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 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 
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CO: Element Financial Corporation
ST: Ontario
-0- Jan/18/2013 21:04 GMT
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