Duo Bank of Canada wraps up Fairstone Financial acquisition
Duo Bank of Canada has completed the acquisition of all outstanding shares of subprime lender Fairstone Financial Holdings.
Duo Bank first brokered a deal to purchase Fairstone Financial from investment firms J.C. Flowers & Co and Varde Partners, back in February last year. Fairstone Financial is a responsible credit solutions provider for near-prime borrowers with assets worth over $3bn, on a consolidated basis.
It is based in Montreal, Quebec. As per the agreed terms, Duo Bank has...