the Falcon Group (TFAG) has acquired The Fine Art Group , the art-lending subsidiary of the Falcon Group . In a press release announcing the acquisition, The Fine Art Group’s Freya Stewart, the chief executive of the art lending business, says: “This inaugural art-financing business consolidation strengthens our longterm commitment to being the leading art finance provider to collectors and owners of high value art globally. Figures for the acquisition were not disclosed, although TFAG revealed that Falcon ’s book included over 10 loans across the US , Australia and the EU . The art financing sector has seen a surge in entrants over the past few years , and this deal may herald consolidation within the industry.
the Falcon Group (TFAG) has acquired The Fine Art Group , the art-lending subsidiary of the Falcon Group . Figures for the acquisition were not disclosed, although TFAG revealed that Falcon ’s book included over 10 loans across the US , Australia and the EU . The art financing sector has seen a surge in entrants over the past few years , and this deal may herald consolidation within the industry.