Common Future Acquires Community Credit Lab, Expanding Access To And Control Of Financial Capital In Historically Excluded Communities
Sep 20, 2022•almost 3 years ago
Acquiring Company
Common Future
Acquired Company
Community Credit Lab
Non ProfitCommunitiesLendingFinancial Services
Description
Oakland-based Common Future announced that it is acquiring Seattle-based Community Credit Lab (CCL). Community Credit Lab will exist as an affiliated entity under Common Future. This acquisition would bring together two field-leading organizations known for ensuring those closest to the problem lead the development of solutions and for utilizing capital to build economic power in and with those communities.
FundzWatch™ Score
73
High M&A Activity
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed