About Hitachi Capital America About CLE Leasing Advisors

March 31, 2014
Hitachi Capital Canada Corp. (Hitachi) a 100% owned subsidiary of Hitachi Capital America Corp.,
announced today that it has signed a share purchase agreement to acquire 100% of the shares of CLE Canadian
Leasing Enterprise Ltd., (CLE). CLE has been a trusted business partner of Hitachi in Canada since 2012. The
acquisition of CLE strengthens Hitachi’s Canadian business base while improving Hitachi’s ability to grow
financing activity in Canada.
CLE will add assets of $198.4 million and annual originations of $129.6 million to Hitachi Capital Canada.
“CLE is an excellent company with an extensive sales network across Canada. They have been an excellent
partner for Hitachi and this acquisition provides us with the ability to further increase our service and support
to our manufacturing relationships with operations in Canada,” stated Bill Besgen, President and CEO of
Hitachi Capital Canada.
Luc Robitaille, CEO of CLE added, “We are very pleased to join Hitachi Capital Canada. Hitachi has a global
reputation as a top competitor in the commercial equipment finance industry. We are confident that this
acquisition will give CLE many new opportunities for growth and improved performance.”
The boards of both companies have approved the transaction. Completion of the acquisition is expected within
the next 45 days.
About Hitachi Capital America
Hitachi Capital America Corp. was incorporated in October 1989 and commenced business operations in April
1990. We are headquartered in Norwalk, CT and are wholly owned by Hitachi Capital Corporation, Tokyo,
Japan. Our parent was founded in 1957 as a subsidiary of Hitachi Ltd., and has become one of the leading
financial institutions in Japan. Through our sister companies located in the United Kingdom, Singapore, Hong
Kong, Thailand, Malaysia, Indonesia and China, Hitachi Capital has established a presence in the global
market place to better serve our customers and our Hitachi group of companies worldwide.
About CLE Leasing
CLE Canadian Leasing Enterprise Ltd. is an independent financial institution who understands the reality of
the business world. Since its foundation in 1979, CLE has been supporting very small, small and medium
businesses as well as the self-employed and owner operators by offering financing solutions that are tailored to
their unique requirements. CLE is synonymous with simplicity, speed and efficiency. Its’ staff is both
attentive and creative when it comes to finding a personalized solution and supporting brokers, vendors and
clients throughout the financing acquisition process.
Cassels Brock served as legal counsel to Hitachi. The Alta Group Canada served as the lead financial advisor
to Hitachi and Three Keys Capital Advisors LLC served as financial advisor to Hitachi Capital America Corp.
Fasken Martineau served as legal counsel and National Bank Financial served as lead financial advisor to CLE