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OnDeck Announces Agreement to Combine Canadian Operations with Evolocity Financial Group

Published: 12/05/2018

Team: Andrew M. Reback, Christopher B. Norton, Tera Li, Jonathan Fleisher, Nicola Geary, Bernice Karn, Amanda Metallo, Alison Hayman, Adrian D. Jakibchuk, Maria Constantine

On December 5, 2018, OnDeck, the leader in online lending to small businesses, announced that it has entered into a definitive agreement to combine its Canadian lending operations with Evolocity Financial Group, a private Montréal-based online small business lender. The combined enterprise, to be branded OnDeck Canada, will be majority owned by OnDeck and will offer a wide range of innovative financing options to small businesses across Canada.

Cassels Brock is acting for OnDeck with a deal team that includes Andrew Reback, Chris Norton and Tera Li (Tax), Jonathan Fleisher (Financial Services), Nicola Geary, Bernice Karn and Amanda Metallo (Business Law), Alison Hayman (Intellectual Property) and Adrian Jakibchuk and Maria Constantine (Employment and Labour).