LAWFUEL – The Law News Network – On February 14 Paul, Weiss client Equifin Capital Partners, a New York-based private equity firm focused on the financial services industry, closed an aggregate $81 million equity commitment to fund the operations of Flagship Credit Corporation, a newly formed automobile finance company catering to the non-prime auto loan market. Equifin, the lead investor in the transaction, is responsible for $50 million of the total equity commitment, with $15 million funded at closing and the balance to be drawn over a four-year commitment period.
The Paul, Weiss team representing Equifin includes corporate partners Jeff Marell and Bob Hirsh, associates Teresa Kerr, Stephen Nichols and Julian Wong; employee benefits partner Michael Segal and associate Brian Jebb; and tax partner Richard Bronstein. IP advice was provided by associate Doron Goldstein.
