Aether Holdings acquired UCC Capital Corp., which provides structured finance solutions to intellectual property focused firms. The purchase, which was completed on Tuesday last week, will provide Aether with an IP centric company acquisition platform. Robert D'Loren, who was previously UCC's president and CEO, has been named as Aether's new CEO and has been appointed to the Board of Directors. David Oros will continue as chairman.
D'Loren said the merged company will fund its operations through partnerships or directly. Although it plans to retain its MBS, it does not expect to tap the ABS market very often. He said that through Aether, UCC would be able to shift its focus from the bond markets to acquiring consumer branded and franchising firms. "This is part of the evolution of UCC," D'Loren. "I've been doing this for some time and have seen the market's tremendous growth. There's no shortage of deal flow and we have a lot of things we are currently exploring."