Arsenal does first financial services deal

The middle market firm’s $30 million investment in niche lender FirstAgain is its first in the sector since hiring former JPMorgan and CCMP pro Carty Chock.

Arsenal Capital Partners has completed its first financial services deal with a $30 million (€21 million) investment in FirstAgain, a San Diego-based consumer lending company.

Though the stake size was not disclosed, the deal makes Arsenal the company’s largest investor, according to Carty Chock, an Arsenal principal who co-heads the firm’s financial services investments.

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