Investment funds advised by Wafra, the $30 billion New York-based alternative asset manager, entered into a definitive agreement to acquire Navitas Credit, a company in equipment finance solutions, from United Community Bank, a wholly-owned subsidiary of United Community Bank (UCB), for approximately $1.9 billion in cash. Navitas will continue to be led by its current management team following the closing of the transaction. “Navitas has distinguished itself in the equipment finance industry by growing successfully through multiple cycles while consistently serving its customers and delivering...