Columbus Nova Acquires Controlling Interest in CIFC

December 9, 2013

On December 3, 2013, CFICCorp. (NASDAQ: CIFC) announced that Columbus Nova, one of CIFC’s largest shareholders, will acquire an additional 9,090,909 shares of common stock at $9.00 per share from CIFIC Parent Holdings LLC, representing a controlling stake in the company.

On December 3, 2013, CFICCorp (NASDAQ: CIFC) announced that Columbus Nova will acquire an additional 9,090,909 shares of common stock of the company at $9.00 per share.  Columbus Nova is currently one of CIFC’s largest shareholders and, following the private transaction, will have a controlling interest in CFIC, or about 71% of the outstanding shares.  CIFC is a fundamentals-based, relative value credit manager.  Columbus Nova is multi-strategy investment firm based in New York.  The transaction is subject to customary closing conditions and expected to close by the end of 2013.

To read the press release, please click here.


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Investment Manager M&A, Transactions