Fairstone Financial - Ownership and Business Overview

Financial ServicesCompany

Fairstone Financial Ownership

Who owns Fairstone Financial?

Fairstone Financial is owned by Fairstone Bank of Canada. It was acquired on February 19, 2020.

Was Fairstone Financial formerly PE-backed?

Yes. Fairstone Financial was formerly owned by 2 private investors.

Fairstone Financial Business Overview

Where is Fairstone Financial headquartered?

Fairstone Financial is headquartered in Montreal, Ontario.

What sector is Fairstone Financial in?

Fairstone Financial is a financial services company.

When was Fairstone Financial founded?

Fairstone Financial was founded in 1923.

Financial Services M&A Summary in 2020

Out of 60 sectors in the Mergr database, financial services ranked 11 in number of deals in 2020. The largest financial services acquisition in 2020 was E*TRADE Financial - which was acquired by Morgan Stanley for $13.0B.

Subscribe to Mergr to view all 180 acquisitions of financial services companies in 2020, including 22 acquisitions by private equity firms, and 158 by strategics.

Acquired by Fairstone Bank of Canada (Company) on 2020-02-19

Fairstone Financial, Inc.

630 René-Lévesque West Suite 1400,
Montreal, Ontario H3B-4Z9
Canada,
(800) 995-2274
www.fairstone.ca

Fairstone Financial, Inc. is a non-bank provider of responsible lending solutions for near-prime borrowers with over C$3 billion in assets on a consolidated basis. Fairstone, including through its predecessors, has close to a 100-year history of providing Canadians with access to responsible credit.

Company Summary

SECTOR

Financial Services

Established

1923

Former Name

CitiFinancial Canada, Inc.

Investor History
2020-02-19
Add-on Acquisition

Fairstone Bank

Värde Partners PE

J.C. Flowers & Co. PE
2016-11-17
Divestiture

Värde Partners PE

J.C. Flowers & Co. PE

Citi

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