Davis Polk is advising Mitsubishi UFJ Lease & Finance Co., Ltd. (“MUL”) on its acquisition of ENGS Holdings Inc. from a group of shareholders represented by Aquiline Capital Partners LLC, a New York-based private equity firm investing in financial services.

MUL has focused on the United States, the largest equipment finance market in the world, as a high priority region and has implemented initiatives to expand its footprint and offering in the region. In 2016, MUL launched, through its subsidiary Mitsubishi UFJ Lease & Finance (U.S.A.) Inc., a team dedicated to serving local U.S. corporations and multinationals. Founded in 1952, ENGS has long provided vendor finance solutions for trucks and trailers. Over the past several years, ENGS has diversified into adjacent asset verticals and financial products, while building a sophisticated technology-driven vendor finance platform.

The Davis Polk corporate team includes partner Phillip R. Mills and associates Matthew J. Cowcher and Samir K. Patel. Partner Kyoko Lin Takahashi and associate Timothy John Durbin are providing executive compensation advice. Partner Luigi L. De Ghenghi is providing financial institutions advice. Partner Pritesh P. Shah and associate Tilak Koilvaram are providing intellectual property and technology advice. Partner William A. Curran and associate Karen Li are providing tax advice. All members of the Davis Polk team are based in the New York office.