Reuters – Varde Partners Snaps Up FirstCity Financial

Specialty financial services company FirstCity Financial Corp. said it would be acquired by investment firm Varde Partners Inc. for about $106 million in cash. Varde will pay $10 per share – a 21 percent premium to FirstCity’s Thursday’s close of $8.30. The deal is valued at $225 million, including debt.

(Reuters) – Specialty financial services company FirstCity Financial Corp said it would be acquired by investment firm Varde Partners Inc for about $106 million in cash.

Varde will pay $10 per share – a 21 percent premium to FirstCity’s Thursday’s close of $8.30.

The deal is valued at $225 million, including debt.

Leave a Reply

PEHUB Community

Join the 12504 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget