Velocity Buys Business Lines From Core Financial
Velocity Financial Group said Tuesday that it has closed a management led buyout of Velocity's business lines from Core Financial Holdings. Financial terms were not announced. American Capital, a publicly traded PE firm, owns a majority stake in Core Financial. Boston-based Velocity is a specialty finance company that serves both PE and VC companies. Parish Capital Advisors provided financing.
16 November 2010•3 mins read
