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.

Get your FREE trial or subscribe now to Buyouts to find new deal opportunities, super-charge your fundraising efforts and track top managers.

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.