Hemingway Capital Recapitalizes Chibuzo, LLC with Parkway, Spring Capital and IBC Funds

October 27, 2023

New York-based private equity firm Hemingway Capital led a recapitalization of Chibuzo, LLC, a Fort Smith, Arkansas manufacturer of wood pallets and crates, partnering with Werner and Theresa Hugo. The transaction was financed with subordinated debt and preferred equity provided by Spring Capital Partners, Parkway Capital (a Calvert Street affiliate) and IBC Funds to support the acquisition/recapitalization.

Buyers
Hemingway Capital, Parkway Capital, Spring Capital Partners, IBC Funds
Targets
Chibuzo, LLC
Sellers
Werner and Theresa Hugo
Industry
Manufacturing
Location
Arkansas, United States
Transaction Type
Recapitalization

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