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Blackstone is said to look at sale/IPO of auto-lender Exeter: Reuters

Published 08/22/2018, 01:53 PM
© Reuters.  Blackstone is said to look at sale/IPO of auto-lender Exeter: Reuters
BX
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  • Blackstone (BX -0.2%) has hired investment banks to explore a potential sale or initial public offering of subprime auto lender Exeter Finance, Reuters reports, citing sources familiar with the matter.
  • Exeter is expected to be valued at more than $1B, the sources told Reuters.
  • Blackstone bought Exeter in 2011 from Navigation Capital Partners; Blackstone said at the time it was investing as much as $277M.
  • Previously: Blackstone to invest $400M in HEC Pharm (Aug. 15)
  • Now read: Oaktree Capital Group 2018 Q2 - Results - Earnings Call Slides


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