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Anvil Capital Partners Launches Anvil Energy for Middle Market Borrowers

January 26, 2018, 07:25 AM
Filed Under: Energy

Anvil Capital Partners (an Aldwych company) announced the launch of its initial credit lending strategy, Anvil Energy, a $150,000,000 static pool lending facility for upstream oil and gas producers. The private lender will originate new issue facilities for borrowers seeking between $15,000,000 and $40,000,000 for refinancings, acquisitions and development of energy assets.

"We are excited to help our new customers meet their continued and increasing demand for stretch-RBL structures in this capital-constrained environment," said James Avery, Co-CIO of Anvil.  "We look to solve the gap between bank lenders, which have largely exited the micro and mid-cap market, and the typically more expensive mezzanine and preferred equity providers."

Anvil is entering the private lending market with a team of highly seasoned energy credit professionals.  "We leveraged our existing energy industry expertise to build a team with professionals who have known each other or worked together in the space for years – this helps streamline our underwriting and approval process, makes us accessible to the borrower and increases our speed to market," says Mr. Avery. This comes as good news in an industry where time considerations mark a significant number of transactions.

Joining as Co-CIO, David O'Driscoll, who recently managed the $1.6 Bln. energy finance business at Santander Bank in Houston, said, "the current pricing environment offers attractive rates of return on development projects, and we are excited to provide our clients with the capital necessary to achieve their growth strategies." This sentiment was echoed by his colleague and Head of Origination, Rob Lindermanis, who noted "we look to provide capital to companies positioned for growth and expansion."

Avery becomes Co-CIO and will manage the origination and credit review team in New York where he remains on the board of Aldwych Capital Partners, the parent company of Anvil, and continues to oversee Middle East/GCC energy relationships.  O'Driscoll joins as Co-CIO and Mr. Lindermanis joins as Head of Origination; both will be based in Anvil's Houston office where they are joined by an origination and operational support team seconded from Aldwych.

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