Diamond Castle Holdings, Golden Gate Capital – Community Preference Financial

Diamond Castle Holdings, Golden Gate Capital – Community Preference Financial

Written jointly by personal Equity Stakeholder venture and People in the us for Financial Reform

Community solution Financial (CCFI) had been created last year by CheckSmart, owned by personal equity company Diamond Castle Holdings, to obtain California Check Cashing Stores, owned by Golden Gate Capital, another equity firm that is private. Although Community solution Financial held an IPO in 2012 and it is publicly exchanged, at the time of March 2017 it had been nevertheless bulk (53%) owned by Diamond Castle Holdings and 13% owned by Golden Gate Capital.[i]

Diamond Castle Holdings co-founder Andrew Rush and Managing Director Michael Langer have actually offered regarding the grouped Community solution Financial board since 2006. Mark Witowski, Vice President at Diamond Castle, has offered on CCFI’s board since 2012. Felix Lo, a Principal at Golden Gate Capital, has offered from the grouped Community Selection Financial board since 2011.[ii]

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