Exeter Finance Announces Inves - GuruFocus.com
PR Newswire IRVING, Texas, June 28, 2021 IRVING, Texas, June 28, 2021 /PRNewswire/ -- Exeter Finance LLC, a leading indirect auto finance company, announced today that it has entered into a definitive agreement to be acquired by an investor group led by Warburg Pincus from funds managed by Blackstone ( NYSE:BX, Financial). Terms of the private transaction were not disclosed. Exeter is a rapidly growing tech-enabled indirect auto lender, with a managed loan portfolio of more than $7 billion. The company underwrites, purchases, services and securitizes retail installment contracts from more t...