Castlelake Exploring $1 Billion Sale of Concora Credit
Concora provides debt to non-prime consumers, including in the form of credit card programs.
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Castlelake is mulling options, including a sale, for consumer-lending platform Concora Credit, according to people with knowledge of the matter.
The firm is working with financial advisers on a potential transaction that could value Concora at about $1 billion, said the people, who asked not to be identified as the details are private. Conversations are preliminary and a deal may not come to fruition, they cautioned.