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FSC completes investment in Spanish consumer finance specialist Ufasa

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. FSC completes investment in Spanish consumer finance specialist Ufasa 3 hours ago Source: Financial Services Capital Financial Services Capital (“FSC”), the private equity investor dedicated to the transformation of the European financial services sector, has completed its acquisition of a stake in JZ Lending Ltd, which controls Spanish consumer finance specialist Unión Financiera Asturiana (“Ufasa”). The Bank of Spain has approved FSC’s investment into this regulated financial services company. Ufasa is an independent consumer finance specialist, founded in 1984 and headquartered in Oviedo, Asturias, that was initially partly acquired by JZ International in 2020. FSC’s investment is expected to accelerate the transformation and digitalisation of Ufasa’s business. FSC Co

Financial Services Capital makes fourth deal since founding amid Covid-19 crisis last year

2 Financial Services Capital, the specialist European private equity house launched last year, has completed a buyout of JZ Lending, which controls Spanish consumer finance specialist Unión Financiera Asturiana. FSC’s investment is designed to accelerate the transformation and digitalisation of Ufasa’s business. The firm said its capital commitment had also facilitated the acquisition by Ufasa of Spanish fintech company Zank, an omni-channel point-of-sale credit platform. FSC co-founder and managing partner Matthew Hansen said, “Ufasa’s infrastructure and business are already being moved forward and pulled into the present by the leadership team headed by Pedro Escudero and Rafael Marin.

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