Warburg Pincus completes ECN acquisition; Champion Homes gets C$189.1M

Champion Homes, Inc.

ECN Capital acquired by Warburg Pincus-led investor group; common and preferred shares converted to C$3.10 per share cash.
Champion Homes, via Champion Canada Holdings, held ECN Series E preferred shares and expects gross proceeds of C$189.1 million.
ECN Capital owned 49% of Champion Financing LLC, a captive finance company formed with Champion Homes.
Acquisition closed on April 24, 2026; proceeds include accrued dividends on Series E shares.

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