What happened to Flagship Credit Acceptance?

Flagship Credit Acceptance agreed to sell its business operations and assets to InterVest Capital Partners.

Why is the sale of Flagship Credit Acceptance significant?

The sale occurs as the subprime auto lending industry faces concerns over auto loan quality.

Who is buying Flagship Credit Acceptance's assets?

InterVest Capital Partners, a specialty finance firm, is acquiring the business operations and assets of Flagship Credit.

Home / Business and Economy / Flagship Credit Sold Amidst Auto Loan Concerns

Flagship Credit Sold Amidst Auto Loan Concerns

22 Nov

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Summary

Flagship Credit agreed to sell its business operations to InterVest Capital Partners.
The deal occurs as industry headwinds raise concerns over auto loan quality.
Flagship Credit is owned by funds sub-advised by Innovatus Capital Partners.

Flagship Credit Sold Amidst Auto Loan Concerns

Subprime auto lender Flagship Credit Acceptance has entered into an agreement to sell its business operations and assets to InterVest Capital Partners. This strategic acquisition by the specialty finance firm marks a notable development in the current financial landscape.

The deal unfolds against a backdrop of growing apprehension within the industry regarding the overall quality of auto loans. These prevailing headwinds appear to be a significant factor influencing such transactions.

Flagship Credit Acceptance is presently owned by funds associated with Perella Weinberg Partners Capital Management, with sub-advising services provided by Innovatus Capital Partners. This sale represents a transition for the company amidst evolving market conditions.

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