Puerto Rico’s largest nonbank lender prepares to enter a new phase of growth as VRM Penzini Capital purchases the company. #NewsismyBusiness
Funds advised by J.C. Flowers & Co. LLC and affiliates announced the closing of the acquisition of the personal loan and sale finance loan assets comprising the Island Finance business, which includes the employees and branches, from Santander Financial Services Inc.
Santander Financial Services Inc. has reached a definitive agreement to sell the personal loan and sale finance loan assets comprising the Island Finance business to funds advised by J.C. Flowers & Co. LLC and affiliates.
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