Warburg Pincus-Led Investor Group to Acquire ECN Capital in C$1.9 Billion Deal

Paul, Weiss is advising Warburg Pincus LLC on the financing aspects of the all-cash acquisition of ECN Capital Corp. by an investor group led by Warburg Pincus for an enterprise value of approximately C$1.9 billion. ECN Capital is a leading provider of business services to North America-based banks, institutional investors, and insurance company, pension plan, bank and credit union partners, with $7.6 billion in managed assets. Under the transaction, the investor group will acquire all ECN Capital common shares for C$3.10 per share; all ECN Capital cumulative 5-year minimum rate reset preferred shares, Series C, for C$26 per share; and all ECN Capital mandatory convertible preferred shares, Series E, of which Champion Homes, Inc., is the sole owner, for C$3.10 per share. The transaction is expected to close in the first half of 2026, subject to customary closing conditions.

The Paul, Weiss team is led by corporate partners Eric Wedel, Ben Steadman, Charles Pesant and Timothy Cruickshank, and includes partners Caroline Epstein and Christodoulos Kaoutzanis.