$200MStrategic acquisitionFinancial Services
Capitolis to acquire eSecLending for $200M in cash
Fintech firm Capitolis agreed to buy eSecLending, an independent securities lending business, for $200 million in an all-cash deal. eSecLending works with pension funds, insurers and asset managers over a 26-year history, lending securities to major global banks. The purchase is Capitolis' fourth strategic acquisition in five years and adds securities lending to its financial resource optimization platform.
Why it matters: Capitolis is assembling a one-stop shop across securities lending, repo and financing just as banks hunt for balance-sheet efficiency.
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