Lease financier grows -- without tapping public markets

04/11/2013 | Bloomberg

Canada's Element Financial sells repackaged leases to life insurers and thus avoids having to tap public markets. The "seductive" lure of commercial paper and midterm notes derailed his first leasing venture 14 years ago, CEO Steven Hudson says. Element has raised more than $600 million selling securities to private investors and has been able to pursue four acquisitions as a result.

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