#Exeter finance corporation software

In June of 2020, Exeter Finance had its Better Business Bureau (BBB) accreditation revoked.

All international money transfer servicesĬompare Clear Exeter Finance reviews and complaints BBB accreditedġ out of 5 stars, based on 55 customer reviewsĤ.1 out of 5 stars, based on 2,857 customer reviews.

The firm is headquartered in New York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Mumbai, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $90 billion in over 930 companies in more than 40 countries. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. The firm’s active portfolio of more than 200 companies is highly diversified by stage, sector, and geography. The firm has more than $60 billion in private equity assets under management. Warburg Pincus LLC is a leading global growth investor. For more information, visit About Warburg Pincus The company has a serviced finance portfolio of more than $7 billion. Exeter works with more than 11,000 dealers and 475,000 customers nationwide providing indirect financing for both new and used vehicles. Founded in 2006, the company underwrites, purchases, services, and securitizes retail installment contracts from U.S. Morgan served as financial advisor and Wachtell, Lipton, Rosen & Katz served as legal advisor to the acquirers.Įxeter Finance LLC is an indirect auto finance company headquartered in Irving, Texas. Skadden, Arps, Slate, Meagher & Flom LLP served as legal advisor to Exeter Finance and Blackstone. Jason Grubb will remain as CEO and a meaningful investor in the company, alongside the current Exeter management team.Ĭiti served as the lead financial advisor for Exeter Finance and Blackstone, along with Barclays, Deutsche Bank and Wells Fargo. The transaction is expected to close by the end of 2021 and is subject to customary closing conditions. “We are excited to partner with Jason and the Exeter Finance team to further build on the company’s leading market position and accelerate future growth,” added Eric Friedman, Managing Director, Warburg Pincus. We have over a decade-long close and successful working relationship with this best-in-class management team and are looking forward to partnering with them again in Exeter Finance,” said Dan Zilberman, Managing Director and Head of Special Situations, Warburg Pincus.

“Exeter Finance is a pioneer in offering innovative financial solutions at scale across the credit spectrum.

Notable investments in the auto value chain include: Santander Consumer USA (SCUSA), China Auto Rental, Au Financiers, Uxin, defi SOLUTIONS, Cango, and Car Trade.

#Exeter finance corporation software

Warburg Pincus is a long-time, active investor in the auto industry across a variety of verticals including auto lenders, rental car providers, e-commerce distribution, and software platforms. We have made tremendous progress under Blackstone’s ownership establishing Exeter as an industry leader, and I’m proud of the team’s solid execution,” said Jason Grubb, Exeter’s Chief Executive Officer. “We are thrilled to partner with the Warburg Pincus-led investor group as we enter this next phase of growth for Exeter. Exeter has leveraged its extensive automobile finance industry knowledge to deliver leading-edge technology and financial solutions to more than one million customers.

The company underwrites, purchases, services and securitizes retail installment contracts from more than 11,000 auto dealers and 475,000 customers nationwide. Terms of the private transaction were not disclosed.Įxeter is a rapidly growing tech-enabled indirect auto lender, with a managed loan portfolio of more than $7 billion.

IRVING, Texas – J– Exeter Finance LLC, a leading indirect auto finance company, announced today that it has entered into a definitive agreement to be acquired by an investor group led by Warburg Pincus from funds managed by Blackstone (NYSE:BX). Investment to accelerate the growth and development of innovative, tech-enabled auto financing solutions