Credibly, the data science-driven fintech lending platform that champions small and medium-sized businesses (SMBs), announced a management-led buyback of all the outstanding equity investment previously held by a prominent private equity firm. This buyout was financed through a new equity investment and the issuance of a new corporate note, which earned a BBB rating from Egan-Jones Ratings Company, a nationally recognized statistical ratings organization (NRSRO).
Brean Capital served as financial advisor and placement agent on this transaction.
Credibly’s co-Founder and co-CEO, Ryan Rosett, commented on the landmark move. “When we established Credibly in 2010, our mission was to deliver much-needed capital to the underserved small business market, which forms the backbone of economic stability and job growth in the US. Thirteen years in, we recognize the opportunity before us is even more substantial. As we reclaim full ownership of the Company, we look forward to a promising future, anticipating continued growth and success for our management team, employees, and the small businesses we serve.”
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