Svoboda Capital Partners ("SCP"), a private equity firm, announced its partnership and recapitalization with Kenway Consulting ("Kenway"), a management and technology consulting firm. HMB represented SCP in the recapitalization. Under terms of the agreement, SCP has purchased a majority interest in Kenway. Financial details of the transaction were not disclosed.
SCP is a Chicago-based private equity firm that invests in leading middle market growth companies. Founded in 1998, SCP has more than 70 years of collective private equity experience.
“We are impressed by Kenway’s consistent growth and its talented and energetic team which remains focused on building a culture that delivers outstanding client service,” said David Rubin, principal at SCP. “SCP’s partnership with Kenway reflects our firm’s continued focus on investing in and helping build great professional services companies.”
As a result of the partnership, Kenway's organizational structure will change, with company veteran Matt Kueker assuming the role of Chief Executive Officer and Brian King, Kenway's founder and former CEO, serving as the company's Scottsdale office lead and member of the Board of Managers.
HMB's team was led by Managing Partner Jeffrey A. Hechtman, Corporate Partners Brett M. Winterstein and Ati P. Khatri and Corporate Associates Raymond J. Jacobi III and Elise Anderson. Learn more about HMB's Mergers and Acquisitions practice here.