Credibly Announces Management Buyout

Credibly, a financial technology lending platform, completed a management-led buyback of all the outstanding equity investment previously held by a 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.

"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 U.S.,” Ryan Rosett, co-founder and co-CEO of Credibly, said. “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."

"We're immensely proud of Credibly's robust and profitable growth over the years, a trend we intend to continue. Our superior platform and dedicated team are committed to Credibly’s core mission of providing essential capital to empower small businesses to grow and realize their full potential,” Michael Seneski, CFO of Credibly, said. “We anticipate building on our successes and maintaining our status as an industry leader."

Brean Capital and RBC Capital Markets served as financial advisors on this transaction, and Brean Capital also served as the placement agent.