Palladium, Parallel Pare Down Regional Management Stakes
September 27, 2013
Palladium Equity Partners has sold 69% of its holdings in Regional Management (NYSE: RM) through a secondary offering, netting proceeds of $67 million, a 5x return on that portion of the firm's investment. Parallel Investment Partners also sold shares in the offering. Palladium and Parallel partnered to recapitalize the consumer finance company in March 2007.