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.
- Targets
- Chibuzo, LLC
- Sellers
- Werner and Theresa Hugo
- Industry
- Manufacturing
- Location
- Arkansas, United States
- Transaction Type
- Recapitalization
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