Perella Weinberg Partners' (PWP) affiliated funds that are sub-advised by Innovatus Capital Partners are looking to sell Flagship Credit Acceptance, Bloomberg reported Friday, citing people with knowledge of the matter.
The owners of the auto-finance provider are working with an adviser for the sale that could value Flagship Credit at $400 million, the people said.
Perella Weinberg Partners, Innovatus Capital and Flagship Credit did not immediately respond to MT Newswires' requests for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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