Commercial finance company FGI is wading into the private equity space with the launch of FGI Equity. Harriette Terbell has joined FGI Equity as its managing partner and will lead the new group.
FGI Equity will make minority and majority investments in middle-market companies through both direct investments and partnerships. Target companies will be cash flow positive and profitable and have at least $50 million of revenue. Sectors of interest include consumer products, retail, financial services, healthcare, manufacturing, and cyber security.
“Partnering with FGI is a tremendous opportunity,” said Ms. Terbell. “I am thrilled to work closely with FGI’s globally recognized financial services and leadership team.”
Ms. Terbell is the founder of private equity and advisory firm Terbell Partners and previously was a general partner in Alsacia Venture Investments, a venture capital fund that commercialized pre-seed, seed, and early stage medical device and healthcare related investments. Previously, she was a partner with strategic management consulting firm, The Hay Group and an officer at Fleet Financial.
“We’ve worked with Harriette on many ventures over the years,” said David DiPiero, President and CEO of FGI. “I am thrilled Harriette has now formally joined FGI to lead and grow this important initiative.”
FGI is a New York-based commercial finance company that invests in small and medium-sized companies. The company was co-founded by Mr. DiPiero in 2000 and has additional offices in Miami, Chicago, Atlanta, Los Angeles, Toronto and London (www.FGIWW.com).
2015 PEPD • Private Equity’s Leading News Magazine • 5-14-15
