Regal Bidco, a newly established entity controlled by Birch Hill Equity Partners and Brookfield Asset Management, has reached a definitive agreement to acquire First National Financial Corporation. Under the terms of the agreement,

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

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. and Brookfield Asset Management are the buyers though a newly-formed acquisition vehicle.