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Wells Fargo to acquire Capital Pines

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Wells Fargo Bank N.A. struck a deal to acquire the remaining equity interest in CP Equity LLC, the sole owner of Castle Pines Capital LLC and its affiliates, Castle Pines Capital International LLC and CPC Global LLC. Capital Pines Capital, a privately held company that provides financing solutions to resellers in the technology industry, had been a Wells Fargo customer since 2005. In 2007, Wells Fargo invested in Denver-based Capital Pines Capital, which now has about 60 employees and offices in Boston and Fort Lauderdale, Fla. Terms of the transaction, which is expected to close this summer, were not disclosed.

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