10.06.2017 Williams Mullen Helps Cary Street Partners Close $18.9 Million Financing
Press Release from Cary Street Partners
Richmond, Virginia – September 30, 2017 - Cary Street Partners has closed an $18.9 million financing to support its continued growth in the rapidly evolving financial services industry. The transaction raised new equity capital while also refinancing select existing securities to lower its cost of capital and increase long-term liquidity. In connection with the financing, the firm has rebranded its parent company as Luxon Financial LLC and will be operating its asset management and insurance operations under the Luxon brand while continuing to use the Cary Street Partners name for its core wealth management businesses.
Continue reading the press release - Cary Street Partners Closes Financing.
Williams Mullen attorneys John Paris, Anne Domozick, Mike Kelly, Vanessa Yearick and Amy Marino, among others, served as legal counsel to Cary Street Partners during the financing round.