OneMain (OMF) Closes Foursight Deal Amid Auto Expansion Move

OneMain Holdings, Inc. (OMF) has completed its previously announced deal to acquire Foursight Capital LLC from Jefferies Financial Group Inc. (JEF) . As part of its efforts to expand into the automobile lending business, OMF announced the transaction in November 2023.Being an automobile finance company, Foursight purchases and services automobile retail installment contracts primarily made to near-prime borrowers across 38 states. The contracts are sourced through an extensive network of dealers.OneMain, wh ...