AUSTIN, Texas–Four Hands CEO Matthew Briggs has successfully led a management buyout from private equity partner Kayne Anderson Capital Advisors, according to a press release from the company.
The specific terms of the transaction were not disclosed.
In the new structure, Briggs and the executive team became majority stakeholders of the company. Founder Brett Hatton and Kayne Capital will maintain minority interests in Four Hands.
“While this deal will be remembered as a notable milestone in the history of Four Hands, it will not serve as a catalyst for any significant change in the direction we’ve been heading,” said Briggs. “Simply stated, it officially puts our team in charge of our own destiny.”