Who Holds the Ownership of Mariner Finance?

Who Holds the Ownership of Mariner Finance?

Mariner Finance is aconsumer financecompany that offerspersonal loans, home improvement loans, and other financial products and services. The company has been in business since 2002 and has over 450 branches throughout the United States. But who owns Mariner Finance? In this article, we will explore the ownership of Mariner Finance and provide some insights into the company's history and operations.

History and Overview of Mariner Finance

Mariner Finance was founded by a group of former associates of CitiFinancial, a division of Citigroup. The company started with just a few branches in Maryland and quickly expanded to other states. In 2010, Mariner Finance was acquired by an investment firm called Warburg Pincus. Since then, the company has continued to grow and expand its operations.

Mariner Finance offers a range of financial products and services to consumers, including personal loans, home improvement loans, and debt consolidation loans. The company prides itself on providing excellent customer service and personalized solutions for its customers.

Ownership of Mariner Finance

As mentioned earlier, Mariner Finance is currently owned by Warburg Pincus, a private equity firm based in New York. Warburg Pincus is one of the largest and oldest private equity firms in the world, with over $77 billion in assets under management. The firm has a long history of investing infinancial servicescompanies, including other consumer finance companies like Santander Consumer USA and Network Capital Funding.

Warburg Pincus acquired Mariner Finance from its previous owners, an investment group that included Goldman Sachs and Fortress Investment Group. The terms of the acquisition were not disclosed, but it is believed that Warburg Pincus paid around $500 million for the company.

Investment Opportunities with Mariner Finance

For investors interested in consumer finance companies, Mariner Finance may be an attractive investment opportunity. The company has a proven track record of success and a strong management team. In addition, the consumer finance industry is growing rapidly, driven by increasing demand for personal loans and other financial products.

Investors should be aware, however, that consumer finance companies like Mariner Finance are subject to regulatory scrutiny and may be affected by changes in economic conditions. It is important to conduct thorough research and due diligence before investing in any company.

Conclusion

In conclusion, Mariner Finance is a consumer finance company that is owned by Warburg Pincus, a private equity firm based in New York. The company offers a range of financial products and services to consumers and has a strong track record of success. For investors interested in the consumer finance industry, Mariner Finance may be a promising investment opportunity.