Capital Solutions Closes $25 Million Debt Financing for Colford Capital
The Capital Solutions Group (“Capital Solutions”) announces the closing of a $25 million debt financing for Colford Capital (“Colford”) to support its growth. Colford is a private equity sponsored holding company that owns two specialty lending platforms, North Mill Capital and North Mill Equipment Finance, and will use the proceeds of the financing to support asset growth at each platform or for potential acquisitions of portfolios or additional lending platforms. Capital Solutions acted as Colford’s exclusive advisor for the financing.
“We have built a well deserved reputation for consistently executing for clients where financing creativity and depth of lending relationships are crucial to the success of the transaction,” commented Brad Stewart, Partner, who led the transaction for Capital Solutions.” As a holding company with two lending platforms as separate subsidiaries, each with its own senior secured credit facility, we felt strongly from day one that we could generate robust demand for Colford’s debt if a creative credit structure was utilized, and we were very pleased when we obtained several term sheets which allowed Colford to select both the financing terms and partner that best fit its growth plans.”
Colford’s CEO, David Lee, added: “I was very impressed with the financing expertise that Brad Stewart and his Capital Solutions team brought to every step of our capital raising process. As a CEO with prior professional experience including Partner positions at both a leading global investment bank and a leading middle market private equity firm, I have high expectations for an advisor delivering results, and Capital Solutions definitely exceeded those expectations. I would absolutely recommend them to anyone seeking to raise debt financing in the middle market.”
About Colford Capital: Colford is a New York City based holding company seeking to build a diversified and industry leading specialty finance and asset management business through acquisitions, strategic partnerships and new business development and currently manages two majority owned operating subsidiaries, North Mill Capital, a leading provider of asset-based loans and invoice based factoring based in Princeton, New Jersey, and North Mill Equipment Finance, a Norwalk, Connecticut based national provider of small and middle ticket equipment financing solutions. Colford is majority owned by Monitor Clipper Partners (“MCP”, see additional information directly below). For more information about Colford, visit its website at: www.ColfordCapital.com.
About Monitor Clipper Partners: MCP is a Boston, Massachusetts based independent private equity firm formed in 1998. MCP has invested in over 40 businesses in North America and Western Europe, focusing primarily on partnering with founders and owners of middle market businesses and has invested approximately $2 billion in equity since its formation. For more information about MCP, visit its website at: www.MonitorClipper.com.
About The Capital Solutions Group: We provide creative financial advisory services to closely-held Companies, Private Equity firms, and Lenders in the Middle Market. Our services include: Debt and Equity Private Placements, Recapitalizations, Financial Restructurings, and selected M&A assignments. During 2011-12, we advised on over $250 million of debt issuance across several transactions and advised on financial restructurings with over $300 million of aggregate indebtedness, with both advisory services executed primarily for private equity sponsored companies. For more information about our firm and our services, see our website at: www.TheCapitalSolutions.com.
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