Willkie Advises Aquiline in Acquisition of First Investors

September 27, 2012

Aquiline Capital Partners acquires auto lender First Investors Financial Services Group, Inc. for $100 million.

On September 26, First Investors Financial Services Group, Inc. announced that it has entered into a definitive merger agreement with FIFS Holdings Corp., a company formed by Willkie client Aquiline Capital Partners LLC. Under the agreement, FIFS Holdings will acquire all of the outstanding shares of First Investors common stock for $13.87 per share in an all-cash transaction valuing First Investors at $100 million. First Investors is a Houston, TX-based auto lender specializing in lending to consumers with impaired credit profiles. New York-based Aquiline is a private equity firm investing in the financial services sector in industries such as property and casualty insurance, banking, securities, asset management and financial technology.

The current deal was handled by partners Jeffrey Poss and Michael Katz and associates Jeffrey Fang, Toby Lewis and Andrew Lloyd.