Latest Peach Holdings News
Nov 30, 2015
Tweet DLJ Merchant Banking Partners has completed its acquisition of Peach Holdings, the parent company of Peachtree Settlement Funding, in a cash merger valued at £3.85 per share. The acquisition price represents a transaction value of approximately $763 million. Orchard Acquisition Company is a newly formed holding company, which Peach Holdings is now a part of. The deal was led by DLJMB, but also included capital from the senior management of Peach Holdings, Credit Suisse, LLR Partners and Greenhill Capital Partners. Peachtree is a diversified US specialty finance and factoring company that purchases high-quality deferred payment obligations from individual holders. With over 300 employees headquartered in Boynton Beach, Fl., Peachtree has originated over $3.25 billion in assets since it was founded in 1996.