Capteris, the private credit large-ticket equipment finance platform, announces the closing of a $60 million capital lease facility for a private equity owned, specialty transportation and logistics company.
The sponsor along with company’s executive team identified multiple tuck-in acquisition targets which required significant capital. The company entertained various funding options but was impressed by Capteris’ creative solution to monetize existing assets to fund their expansion strategy.
“The facility provided our customer with sizable capital proceeds that could immediately be utilized for their targeted acquisitions. By working closely with the sponsor, the company’s leadership team, and our capital markets partners, we provided a cost-efficient, flexible, and timely solution,“ stated Rob Bakke, Capteris Managing Director.
“There is a reason why more and more Sponsor Finance organizations are selecting Capteris as their preferred equipment finance provider,” commented Eric Dusch, President and CEO of Capteris. “Our dedicated sponsor coverage model, structuring and collateral expertise, and strong deal execution provides significant value-add to the PE segment and their portfolio companies,” he added.
About Capteris
Capteris, in strategic alliance and financial backing via funds managed by Apollo Global Management, provides large ticket equipment finance solutions targeting the midmarket, large corporate, and sponsor finance segments. With strong financial backing, flexible custom solutions, and deep domain expertise, Capteris is an attractive alternative to traditional equipment finance providers. From leases and loans to refinancing and asset-backed debt solutions, Capteris offers competitive products and attractive structures to meet the needs of their individual clients.