Investcorp Credit Management US LLC to Acquire Majority Interest in CM Investment Partners LLC
COMMON FINANCE INC COMMON (CMFN)
Last common finance inc common earnings: 5/7 04:30 pm
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Source: GlobeNewswire
NEW YORK, June 26, 2019 (GLOBE NEWSWIRE) -- Investcorp Credit Management US LLC (“Investcorp”), a subsidiary of Investcorp Bank B.S.C., today announced that it has entered into a definitive interest purchase agreement to acquire a majority ownership interest in CM Investment Partners LLC (“CMIP”), the investment adviser to CM Finance Inc (“CM Finance”), through its purchase of the respective equity positions held by certain funds managed by Cyrus Capital Partners, L.P. (“Cyrus”) and Stifel Venture Corp. (“Stifel”), and newly issued interests in CMIP (the “Transaction”). As a result of the Transaction, Investcorp will become the majority owner of CMIP and Michael Mauer and Christopher Jansen, CMIP’s Co-Chief Investment Officers, will together maintain a minority ownership interest in CMIP. Notwithstanding the sale of their respective interests in CMIP, each of Cyrus and Stifel will retain their equity interests in the Company as of the date of the closing of the Transaction (the “C
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