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Värde Partners partners with JC Flowers to finalize sale of Fairstone Financial to Duo Bank of Canada

Jan 08, 2021 - Banking and Credit News
Mergers and Acquisitions

An investor group led by private investment firm JC Flowers & Co. LLC, has announced it has partnered with alternative investment firm V\xE4rde Partners, Inc., to complete the sale of Fairstone Financial Holdings Inc. to Duo Bank of Canada, the company said.

Duo Bank of Canada is a Toronto-based financial services provider supported by Stephen Smith, Centerbridge Partners L.P. and Ontario Teachers' Pension Plan.

V\xE4rde Partners and JC Flowers acted as equal partners in the...