Private equity firm ABRY Partners LLC agreed to buy Lake Forest, Calif.-based Portfolio Holding Inc. from New York-based Capital Z Partners LP for undisclosed terms.
Portfolio Holding's current management team will stay in their roles and keep significant equity ownership. The company, which also has operations in Dallas, offers finance and insurance products and services to automotive dealers across the U.S.
Houlihan Lokey was the exclusive financial adviser to Portfolio Holding.
