The Fine Art Group ( UK ) has acquired Falcon Fine Art , the art - lending arm of the Falcon Group . Figures for the deal were not released , although TFAG revealed that Falcon ’s book had more than 10 loans across the EU , Australia and the US . The art financing industry has seen a surge in entrants over the past few years , and this deal may facilitate consolidation within the industry .
The Fine Art Group (TFAG) has acquired Falcon Fine Art, the art-lending subsidiary of the Falcon Group. Figures for the acquisition were not disclosed, although TFAG revealed that Falcon’s book included more than 10 loans across the EU, Australia and the US. The art financing sector has seen a surge in entrants over the past few years, and this deal may herald consolidation within the industry.