First Investors Financial Inks $12.5M in PE

Investors including JAM Special Opportunities Fund II have put $12.5 million into Houston-based First Investors Financial Services Group Inc. The purchase of 1.7 million shares will occur across two tranches, the company said Friday. The money will be used to fund growth in First Investors' portfolio of automobile receivables and for general corporate purposes. Falconbridge Capital Markets LLC served as an advisor to First Investors.

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