OneMain Holdings, Inc. (NYSE:OMF) reached a definitive agreement to acquire Foursight Capital LLC from Jefferies Financial Group Inc. (NYSE:JEF) for $115 million on November 20, 2023. As part of the transaction, OneMain will acquire Foursight's approximately $900 million loan portfolio. Foursight's approximately 200 employees are expected to join OneMain.
The transaction is expected to close in the first quarter of 2024, subject to customary closing conditions and applicable regulatory approvals. Jefferies LLC is serving as exclusive financial advisor and Morgan Lewis & Bockius LLP is serving as legal counsel to Jefferies. Barclays Capital, Inc. is serving as exclusive financial advisor and Covington & Burling LLP is serving as legal counsel to OneMain.