ECN Capital’s Sale of Red Oak to BharCap Partners

On March 21, 2024, ECN Capital Corp. (“ECN Capital”), a leading provider of business services to North American based banks, credit unions, life insurance companies, pension funds and institutional investors, announced the sale of Red Oak Inventory Finance (“Red Oak”) to BharCap Partners, a private investment firm. The transaction closed on February 21, 2024. Cravath represented ECN Capital in connection with the transaction.

The Cravath team was led by partners Adam M. Sanchez and David J. Perkins and included associates Daphne Fong and Luke A. Martin on M&A matters; partner J. Leonard Teti II on tax matters; partner Amanda Hines Gold and associate Tiffany B. Wong on executive compensation and benefits matters; partner David J. Kappos and associate Sarah R. Brathwaite on intellectual property matters; and senior attorney Joyce Law and practice area attorney Lauren Piechocki on real estate matters. Kenya Rowser also worked on intellectual property matters.