M&A Deal Summary

Ally Acquires FSF

On October 21, 2021, Ally acquired financial services company FSF from Pine Brook Partners and The Orogen Group for 750M USD

Acquisition Highlights
  • This is Ally’s 2nd transaction in the Financial Services sector.
  • This is Ally’s largest (disclosed) transaction.
  • This is Ally’s 3rd transaction in the United States.
  • This is Ally’s 1st transaction in Delaware.

M&A Deal Summary
Date 2021-10-21
Target FSF
Sector Financial Services
Buyer(s) Ally
Sellers(s) Pine Brook Partners
The Orogen Group
Deal Type Add-on Acquisition
Deal Value 750M USD

Target

FSF

Wilmington, Delaware, United States
website
FSF has focused on providing products that improve the financial future of customers via leading-edge technology and proprietary, analytics-based underwriting. FSF was founded in 2016 and is based in Wilmington, Delaware.

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Buyer(S) 1

Buyer

Ally

Detroit, Michigan, United States

website

Category Company
Founded 1919
Sector Financial Services
Employees11,600
Revenue 9.2B USD (2022)
DESCRIPTION

Ally is an automotive financial services company. Ally's automotive services business offers a full suite of financing products and services, including new and used vehicle inventory and consumer financing, leasing, inventory insurance, commercial loans and vehicle remarketing services. Ally was incorporated 1919 and is headquartered in Detroit, Michigan.

DEAL STATS #
Overall 3 of 3
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Delaware) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-01 Health Credit Services

Sioux Falls, South Dakota, United States

Health Credit Services LLC is a technology-driven, patient financing company that partners with medical providers to offer patient financing for products and procedures not covered by insurance. The company began offering point-of-sale healthcare loans in 2014 and presently services a variety of medical providers across a broad spectrum of needs, including, cosmetics, dental, audiology, orthopedic, vision, and fertility. Health Credit Services is based in Sioux Falls, South Dakota.

Buy -

Seller(S) 2

SELLER

Pine Brook Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2006
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.

DEAL STATS #
Overall 20 of 25
Sector (Financial Services) 7 of 8
Type (Add-on Acquisition) 8 of 11
State (Delaware) 1 of 1
Country (United States) 15 of 19
Year (2021) 2 of 3
Size (of disclosed) 4 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-20 Talcott Resolution

Windsor, Connecticut, United States

Talcott Resolution is an insurance company with capabilities including extensive life insurance and annuity product knowledge and rigorous risk and liability management. Talcott's primary blocks of business are variable annuities, fixed annuities, structured settlements, and corporate-owned life insurance. Talcott Resolution is based in Windsor, Connecticut.

Sell $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 United Auto Credit

Fort Worth, Texas, United States

United Auto Credit is an automotive finance technology-enabled non-prime auto lender serving the independent dealer market. UACC has made significant investments in developing proprietary technology that has enabled it to adapt to the ever-changing market, scale efficiently and generate operating leverage. United Auto Credit is based in Fort Worth, Texas.

Sell $300M
SELLER

The Orogen Group

New York, New York, United States

website

Category Company
Founded 2016
Sector Financial Services
DESCRIPTION

The Orogen Group is an operating company created by Vikram S. Pandit and Atairos Group to make significant long-term strategic investments in financial services companies and related businesses with proven business models. The Orogen Group was formed in 2016 and is based in New York City.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Delaware) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-18 Westcor Land Title Insurance

Maitland, Florida, United States

Westcor Land Title Insurance Co. focuses on delivering insurance products and services to support the continued success of the independent title agents, their customers, and consumers. Westcor Land Title Insurance Co. was founded in 1993 and is based in Maitland, Florida.

Buy -
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