CVC Capital Partners’ Investment in Republic Finance


CVC was advised on an exclusive basis by Wells Fargo Securities, LLC and Debevoise & Plimpton LLP. The Company was advised by Keefe, Bruyette & Woods and Paul Hastings LLP. Wells Fargo served as sole lead arranger on the financing.

CVC Capital Partners (“CVC”) today announced that CVC Fund VI has led a recapitalization of Republic Finance, a consumer loan provider based in the South-Eastern United States. Republic was majority owned by the Phillips family, who alongside management, now retain a significant shareholding in the Company. Prudential Capital Group, a minority investor in Republic since 2012, has exited in full.

Founded in 1952 in Baton Rouge, Louisiana, Republic specialises in providing a variety of consumer loans and flexible lending options to customers in the South-Eastern U.S. With over 175 branches located within Alabama, Georgia, Kentucky, Louisiana, Mississippi, South Carolina, Tennessee, and Texas, Republic serves more than 280,000 customers throughout the United States.

CVC Capital Partners is a leading private equity and investment advisory firm. Founded in 1981, CVC today has a network of 23 offices and approximately 400 employees throughout Europe, Asia and the U.S.

The Debevoise team is led by partner Gregory V. Gooding (Picture) and includes partners Michael Bolotin, David A. Brittenham, Jennifer L. Chu and Jonathan F. Lewis and associates Samuel M. Duncan, Adam Garmezy, Zain A. Kazmi, Molly D. Quinn, Zahra J. Khosrovi Sowder and Alana Simone Walker.

Involved fees earner: Gregory Gooding – Debevoise & Plimpton; Jennifer Chu – Debevoise & Plimpton; Adam Garmezy – Debevoise & Plimpton; Molly Quinn – Debevoise & Plimpton; Zahra Khosrovi Sowder – Debevoise & Plimpton; Michael Bolotin – Debevoise & Plimpton; Samuel Duncan – Debevoise & Plimpton; Zain Kazmi – Debevoise & Plimpton; David Brittenham – Debevoise & Plimpton; Jonathan Lewis – Debevoise & Plimpton; Alana Simone Walker – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: CVC Capital Partners;

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Author: Ambrogio Visconti