www.bloomberg.com
Flagship Credit Acceptance, a subprime auto lender, is being acquired by InterVest Capital Partners. This deal occurs amidst growing concerns about the quality of auto loans within the industry. The sale encompasses Flagship’s business operations and other assets. The acquisition suggests InterVest sees value in Flagship’s portfolio despite the current challenging environment in the auto lending sector. This reflects broader trends and potential strategic shifts within the subprime auto finance market.
