BayBoston-led investor group to buy CFG from IPC
An investor group led by BayBoston Managements LLC has agreed to acquire Caribbean Financial Group Holdings LP from Irving Place Capital. No financial terms were disclosed. Other investors in the consortium include Insigneo Financial Group, the Elias Group, Victory Park Capital, Amzak Capital and M & A Capital. Credit Suisse Securities (USA) LLC and Keefe, Bruyette & Woods, Inc were financial advisers to CFG while Weil, Gotshal & Manges LLP served as legal counsel. CFG is a consumer finance company offering unsecured personal loans, sales finance and related credit insurance products to middle-income individuals in the Caribbean and Panama.
3 December 2018•2 mins read
