First Investors Financial Services Group, a consumer focused auto finance company, has approved the company’s acquisition by Aquiline Capital Partners.
First Investors Financial Services Group (FIFS) is a consumer finance company engaged in originating and holding for investment automobile finance receivables and promissory notes originated by franchised automobile dealers or through refinancing transactions with the vehicle owners. FIFS specializes in lending to consumers with impaired credit profiles. The company also purchases receivables through portfolio acquisitions or from third party originators and performs third-party loan servicing for unaffiliated clients. FIFS is headquartered in Houston (www.fifsg.com).
Aquiline Capital Partners invests in financial services enterprises in industries such as property and casualty insurance and reinsurance, banking and specialty finance, securities, asset management, life insurance and reinsurance, and operations and financial technology. The firm is based in New York (no website found).
© 2012 PEPD • Private Equity’s Leading News Magazine • 10-31-12
