Irving Place Capital Announces Sale of Caribbean Financial Group to Investor Group Led by BayBoston Managers

NEW YORK–(BUSINESS WIRE)–Irving Place Capital (“IPC”), a middle-market private equity firm,
announced today the sale of Caribbean Financial Group Holdings, L.P.
(“CFG”) to a group of investors led by BayBoston Managers LLC, a Boston
area-based investment firm. CFG, together with its operating
subsidiaries, is a leading consumer finance company offering unsecured
personal loans, sales finance and related credit insurance products to
middle-income individuals in the Caribbean and Panama.

During IPC’s partnership with CFG, the company has originated $3 billion
of consumer loans, while maintaining best-in-class credit quality. CFG
has established a leading presence in each of its markets through a

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