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After Raising $115M in Debt and Equity, Lending Club Buys Springstone Financial for $140M
techcrunch.com/2014/04/17/lending-club-raises-11... - Details
ersoconjasbo: Lending Club recently announced a reputable source of new funding and a major acquisition. The industry leader in peer-to-peer finance received $65 million from Wellington Management Company, LLP, T. Rowe Price Associates, Inc., and BlackRock...
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Lending Club recently announced a reputable source of new funding and a major acquisition. The industry leader in peer-to-peer finance received $65 million from Wellington Management Company, LLP, T. Rowe Price Associates, Inc., and BlackRock and Sands Capital, and another $50 million in debt. The company then acquired Springstone Financial for $140 million using a blend of cash and stock.
Peer-to-peer lending marketplace Lending Club is announcing new funding and an acquisition this morning. The company raised $65 million from T. Rowe Price Associates, Inc., Wellington Management Company, LLP, BlackRock and Sands Capital, and $50 million in debt. And Lending Club acquired financing company Springstone Financial for $140 million in cash and stock.
Lending Club, the industry leader in peer-to-peer financing, announced $65 million in newly acquired equity from T. Rowe Price Associates, Inc., Wellington Management Company, LLP, BlackRock and Sands Capital, and $50 million in debt. The firm then purchased Springstone Financial for $140 million using a mixture of cash and stock.
Peer-to-peer lending marketplace Lending Club is announcing new funding and an acquisition this morning. The company raised $65 million from T. Rowe Price Associates, Inc., Wellington Management Company, LLP, BlackRock and Sands Capital, and $50 million in debt. And Lending Club acquired financing company Springstone Financial for $140 million in cash and stock.
Lending Club recently announced a reputable source of new funding and a major acquisition. The industry leader in peer-to-peer finance received $65 million from Wellington Management Company, LLP, T. Rowe Price Associates, Inc., and BlackRock and Sands Capital, and another $50 million in debt. The company then acquired Springstone Financial for $140 million using a blend of cash and stock.
Peer-to-peer lending marketplace Lending Club is announcing new funding and an acquisition this morning. The company raised $65 million from T. Rowe Price Associates, Inc., Wellington Management Company, LLP, BlackRock and Sands Capital, and $50 million in debt. And Lending Club acquired financing company Springstone Financial for $140 million in cash and stock.
Lending Club recently announced a reputable source of new funding and a major acquisition. The industry leader in peer-to-peer finance received $65 million from Wellington Management Company, LLP, T. Rowe Price Associates, Inc., and BlackRock and Sands Capital, and another $50 million in debt. The company then acquired Springstone Financial for $140 million using a blend of cash and stock.
Lending Club, the industry leader in peer-to-peer financing, announced $65 million in newly acquired equity from T. Rowe Price Associates, Inc., Wellington Management Company, LLP, BlackRock and Sands Capital, and $50 million in debt. The firm then purchased Springstone Financial for $140 million using a mixture of cash and stock.
Lending Club, the industry leader in peer-to-peer financing, announced $65 million in newly acquired equity from T. Rowe Price Associates, Inc., Wellington Management Company, LLP, BlackRock and Sands Capital, and $50 million in debt. The firm then purchased Springstone Financial for $140 million using a mixture of cash and stock.
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