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News Stories (16 Results) - CIT Sponsor Finance

CIT Group's Asset-Based Lending and Sponsor Finance businesses collaborated to serve as agent and sole lender on a $25 million revolving credit facility for KMS, LLC, one of the nation's largest wholesalers of consumer product closeouts and special... Read Story
December 04, 2020, 07:30 AM


CIT Group Inc. announced that it added a senior leader to its Sponsor Finance team in its Commercial Finance division responsible for pursuing new growth opportunities for financing middle-market private equity sponsor owned businesses. Thomas M.... Read Story
June 06, 2018, 07:30 AM


CIT Group Inc., a provider of commercial lending and leasing services, announced the appointment of Kenneth Caffrey and Michael Cavounis as managing directors of the Sponsor Finance Group. In these positions, Caffrey and Cavounis will facilitate the... Read Story
October 20, 2017, 08:00 AM


Mid-market executives are more confident about future growth and are actively pursuing multi-faceted growth strategies in the coming year. These are some of the observations from Jeff Kilrea, Group Head and Managing Director, CIT Sponsor Finance, a... Read Story
November 30, 2016, 07:19 AM


CIT Group announced that CIT Retail & Restaurant Finance served as sole lead arranger in a senior secured credit facility to Bertucci’s Corporation (Bertucci’s), an owner and operator of Italian casual dining restaurants with locations from New... Read Story
October 20, 2015, 07:17 AM


CIT Healthcare Finance served as joint lead srranger in a $135 million senior secured credit facility to support Arlington Capital Partners’ acquisition of Avalign Technologies. Arlington Capital is a Washington, D.C.-based private equity firm.... Read Story
August 18, 2015, 07:55 AM


CIT Sponsor Finance provided senior secured credit financing to Altamont Capital Partners (ACP) and Douglas Products, LLC (Douglas) to acquire the Vikane and ProFume businesses from Dow AgroSciences (a subsidiary of The Dow Chemical Company). ACP is... Read Story
August 06, 2015, 07:59 AM


A rising economy and the increased availability of financing continue to give middle market company founders, and their private equity partners, reason to sell their companies and take advantage of high exit multiples. Lenders and banks are eager to... Read Story
March 24, 2015, 07:26 AM


CIT Group Inc. served as joint lead arranger in a $243 million senior secured credit facility for GI Partners, a San Francisco-based private equity firm, to acquire Kellermeyer Bergensons Services (KBS), a leading national provider of contract... Read Story
December 19, 2014, 07:53 AM


CIT Group announced that it served as Joint Lead Arranger in a $65 million senior secured credit facility to support Maxim Partners’ and Falcon Investment Advisors’ acquisition of Laney Directional Drilling, Co., the largest independent Horizontal... Read Story
September 04, 2014, 07:19 AM


CIT Group Inc. provided a $25 million senior secured credit facility to the Transilwrap Company, a leading manufacturer, converter and distributor of plastic film used in printing, laminating, packaging and industrial applications, to acquire MetPro... Read Story
August 14, 2014, 07:27 AM


CIT Group Inc. announced that it arranged a $43 million senior secured credit facility for Laney Directional Drilling, Co., a portfolio company of Chart Capital Partners. The financing will be used to refinance an existing facility and provide... Read Story
March 06, 2014, 07:32 AM


The demand for lending in the middle market is robust, according to Jeff Kilrea, Co-Head and Managing Director of CIT Sponsor Finance at CIT Group, Inc., a leading provider of financing and advisory services to small businesses and middle market... Read Story
March 04, 2014, 06:56 AM


CIT Group announced that CIT Corporate Finance served as Co-Lead Arranger in a $194.5 million senior secured credit facility to TruckPro, one of the largest independent distributors of heavy duty truck parts in the United States, to finance its... Read Story
September 04, 2013, 08:33 AM


CIT Group, a leading provider of financing and advisory services to small businesses and middle market companies, arranged a $220 million senior secured credit facility to help finance the acquisition of TrustHouse Services Group by Elior SCA and... Read Story
April 25, 2013, 07:39 AM


CIT Group announced that it provided a senior secured credit facility to Odyssey Investment Partners, a leading middle-market private equity firm, to support its acquisition of L-com, Inc., a global designer and manufacturer of wired and wireless... Read Story
September 05, 2012, 07:00 AM