fixyruw.wordpress.com
million owed to it by a privately-helrd investment firm started by former 49er staraJoe Montana, Ronnie Lott and Harrisa Barton named . The Santa Clara-based holding companyg for (NASDAQ:SIVB) said in a government filing that it has proposedr an arrangementwith Woodside-based HRJ in which the bank woulr provide management services to and form a limitexd partnership with the firm. SVB said it woulf get management fees from the arrangement which woulx repay part ofthe debt. HRJ would be allowesd access to a workintg capital loan for ongoing operations for alimiter time.
A private equityg newsletter publishedby Reuters, PE WeekWire, reported that the firm ran into troubler on a bridge loan with SVB while tryint to raise $250 million. The report said HRJ was only able to raisbetween $110 million and $130 million. HRJ was originallyu Champion Ventures when Lott and Bartojn founded it in 1999 and changed its name after Montana joinedthe firm. Montans left HRJ in 2006.
No comments:
Post a Comment