OneMain Holdings, Inc. to Acquire Foursight Capital LLC
NEW YORK, Nov. 21, 2023 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF) ("OneMain"), the leader in offering nonprime customers responsible access to credit, and Jefferies Financial Group Inc. (NYSE: JEF) ("Jefferies") today announced they have reached a definitive agreement under which OneMain will acquire Foursight Capital LLC ("Foursight") from Jefferies for $115 million in cash.
- NEW YORK, Nov. 21, 2023 /PRNewswire/ -- OneMain Holdings, Inc. (NYSE: OMF) ("OneMain"), the leader in offering nonprime customers responsible access to credit, and Jefferies Financial Group Inc. (NYSE: JEF) ("Jefferies") today announced they have reached a definitive agreement under which OneMain will acquire Foursight Capital LLC ("Foursight") from Jefferies for $115 million in cash.
- As part of the transaction, OneMain will acquire Foursight's approximately $900 million loan portfolio.
- Jefferies LLC is serving as exclusive financial advisor and Morgan Lewis & Bockius LLP is serving as legal counsel to Jefferies.
- Barclays Capital, Inc. is serving as exclusive financial advisor and Covington & Burling LLP is serving as legal counsel to OneMain.