Spring Capital Closes New Investment in Chibuzo, LLC
SPRING CAPITAL PARTNERS IV, L.P.
is pleased to announce the closing of an investment in
Chibuzo, LLC
Subordinated Debt and Preferred Equity
Spring Capital Partners IV, L.P. (“SCP IV”) is a Small Business Investment Company (“SBIC”) as licensed by the United States Small Business Administration in accordance with the Small Business Investment Act of 1958, as amended.
Transaction Overview
Spring Capital Partners IV, L.P. (www.springcap.com) invested subordinated debt and preferred equity to support Hemingway Capital’s acquisition of Chibuzo, LLC (the “Company”). SCP IV partnered with Parkway Capital and IBC Funds in financing this transaction.
About Chibuzo
Founded over 25 years ago as a manufacturer of wood pallets, Chibuzo is a flexible manufacturer of custom, high-mix pallets, crates, grade stakes, mulch, shavings, and sawdust. Consisting of two operating entities, General Pallets & Crates and Southland Manufacturing, Chibuzo specializes in new wood pallets and crating, providing high quality products and value-added services. Chibuzo is headquartered in Fort Smith, Arkansas. For more information, visit: www.generalpallets.com
About Spring Capital Partners
Spring Capital Partners was founded in 1999 to provide mezzanine capital to growing small and medium sized businesses. The firm has managed over $600 million of capital and is currently investing out of its fourth fund, Spring Capital Partners IV, a $250 million SBIC. Investments are made in the form of subordinated debt and minority equity, typically in the range of $2 million to $20 million per investment. In addition to investing in change of control/buyout transactions with committed private equity funds and independent sponsors, Spring Capital also provides capital to privately held businesses to support acquisitions, growth, and minority recapitalizations.