Subprime auto finance company First Investors Financial Services is close to being sold, according to Reuters.
After a two-year hold, New York-based Aquiline Capital Partners is looking to sell the company, Reuters reported today. One of the two sources cited in the article said the company will be sold in the next couple of weeks.
Wells Fargo is advising on the sale, Reuters said.
Aquiline acquired First Investors in September 2012 in a deal valued at $100 million.
A spokesman for Aquiline told Auto Finance News that the firm had no comment. A call to First Investors’s CEO was not returned.
