Brookfield and Birch Hill to Buy Majority Stake in Mortgage Provider First National

First National sold to Brookfield, partner in $2.9 billion deal

The Canadian mortgage company, co-founded by billionaire Stephen Smith, has returned 415 per cent to shareholders over the decade. Read on.

Brookfield and Birch Hill to buy majority stake in mortgage provider First National

The deal is expected to close in the fourth quarter this year, subject to approvals by shareholders, a court and regulators

Birch Hill, Brookfield buying First National Financial in $2.9-billion deal

TORONTO — First National Financial Corp. says it has agreed to be sold in a roughly $2.9 billion deal. The mortgage firm says funds managed by Birch Hill Equity Partners Management Inc.

First National Financial to be acquired by Birch Hill Equity Partners and Brookfield

Brookfield, Birch Hill Snag Canadian Mortgage Firm in $2.1 Billion Deal

Brookfield Asset Management and a private equity partner reached a friendly deal to take over First National Financial Corp., a mortgage company backed by Canadian billionaire Stephen Smith, for about C$2.9 billion ($2.1 billion).

Birch Hill and Brookfield to acquire First National in $2.9B deal - Canadian Mortgage Trends

Founders Smith and Tawse to retain minority stakes as mortgage lender enters new chapter