PE Deals

IOU Financial to be acquired by Neuberger, Palos and Fintech

Based in Montreal, IOU Financial is an online lender to small businesses.

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  • The investor group will acquire all the issued and outstanding common shares of IOU, other than shares to be re‐invested by Neuberger, Palos, FinTech and representatives of management
  • The all-cash consideration is C$0.22 per share
  • The deal is expected to close in the third quarter of 2023

IOU Financial, a Montreal-based online lender to small businesses, has agreed to be acquired by a vehicle owned by Neuberger Berman, Palos Capital and Fintech Ventures.

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