Fortress to sell OneMain stake to Apollo-led group
An investor group led by Apollo Global Management LLC and Värde Partners Inc have agreed to buy Fortress Investment Group LLC’s remaining stake in OneMain Holdings Inc for $26 a share. The deal is valued at between $1.5 billion to $2 billion, according to press reports. Once the transaction closes, the consortium will own about 40.5 percent of OneMain, which makes car and other personal loans, mainly to people who have trouble borrowing elsewhere.
4 January 2018•5 mins read
