Highlight Motor Group secures private equity investment

[adminadmin is verified member.]

TORONTO, Ont. – Highlight Motor Group has received a $55 million funding boost from private equity firm Credit Mutuel Equity. Credit Mutuel Equity is the North American private equity arm of French banking group, Credit Mutuel Alliance Federale. The company…

Continue reading...

 

[DanielB]

This is the great risk to take the loan from private equity.

Can this be the beginning of the end for Highlight ?

 

[loaders]

Private equity firms have a history of usually being even more cautious with their money than the major banks. They must have seen something they really like about Highlight to loan them that amount of money. Credit Mutuel Equity isn't Harry the Loan Shark, so I would think Kirk's kneecaps are safe for the time being.

 

[DanielB]

My thought would be. There is no mention of what percent of company the private equity get in exchange.

I know these guys are not so patient like your bank (who not patient too).

This will be interesting to see whats happen.

 

[Steph18]

I don't see highlight going down anytime soon, Kirk has definitely been doing something right to get where he is, and I think he will only continue to grow.