Ready Capital Division iBusiness, Funding Circle Enter Share Purchase Agreement; iBusiness To Be The New Owner Of FC USA
Portfolio Pulse from Benzinga Newsdesk
Ready Capital's division iBusiness Funding has entered into a share purchase agreement to acquire FC USA and its subsidiaries, contingent on the return of its SBLC license to the SBA. Ready Capital CEO Thomas Capasse expects the acquisition to significantly boost revenue and earnings.
June 24, 2024 | 9:12 pm
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Ready Capital's division iBusiness Funding is set to acquire FC USA, which is expected to significantly boost the company's revenue and earnings.
The acquisition of FC USA by Ready Capital's division iBusiness Funding is expected to enhance the company's revenue and earnings. This positive outlook is based on the CEO's statement and the strategic fit of the acquisition.
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