New Owners Announced
04 Aug 2014
JRJ Group, a private equity firm focusing on financial services, TomsCapital, a New York-based family office and 76 West Holdings have formed a consortium which has acquired Demica from the J.M. Huber Corporation.
The consortium acquired the company based on the increasing demand for receivables-based finance solutions globally, as CFOs focus on ways to optimize working capital. As a JRJ Group portfolio company, we join an organization that has a long track record of successful acquisitions in the financial services industry. The business plans to strengthen our legacy of providing innovative working capital management solutions and delivering the highest levels of customer satisfaction.