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Home / transaction / Berkshire Global Advisors client HF2 Financial Management has acquired ZAIS Group
Berkshire Global Advisors client HF2 Financial Management has acquired ZAIS Group
  • has been acquired by

    • Berkshire Global Advisors client HF2 Financial Management has acquired ZAIS Group

  • Date: September 2014
  • Sector: Private Markets – Private Equity / Credit
  • Sub-Sector: Private Debt
  • Region: North America
  • Seller AUM: $5.0 Billion

    • Seller Details
    Founded 1997, ZAIS Group, LLC is an investment management company focusing on investments in structured credit strategies. Based in Red Bank, NJ with operations in London and Shanghai, the Company employs 125 professionals across investment management, client relations, information technology, analytics, law, compliance, risk management and operations.

    Buyer Details
    HF2 Financial Management Inc. (NASDAQ: HTWO) was formed on October 5, 2012 for the purpose of acquiring one or more businesses in the financial services industry.

    Transaction Summary
    HF2 Financial Management Inc. (“HF2”) (NASDAQ: HTWO), a special purpose acquisition company, has entered into a definitive agreement to acquire a majority equity interest in ZAIS Group Parent, LLC (“ZGP”). ZGP is the sole member of ZAIS Group, LLC (“ZAIS”, and together with ZGP, the “Company”), a leading investment management firm focused on specialized credit investments. The transaction will facilitate the public flotation of ZAIS and provide the Company with significant equity capital to accelerate its strategic growth initiatives and capitalize on current and future market dislocations. The investment is designed to align the interests of the Company’s current owners, management team and key employees with HF2’s public stockholders and to provide incentives for growth over time. The current owners of the Company will not receive any proceeds at the closing of the transaction and will retain a significant equity stake in the Company going forward. The transaction also provides meaningful, long-term equity incentives for employees which will be directly linked to the growth in public stockholder value.