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Gibraltar Provides Financing in Two Private Equity-Backed Deals

October 17, 2014, 07:39 AM

In a press release, Gibraltar Business Capital announced recent examples of how the firm's asset-based debt structures can work for private equity group-backed purchases, recapitalizations, sales or turnarounds of all types of small- to medium-sized businesses. The transactions are:

Emergency/Disaster Products: $3 million

In the midst of turnaround, this private equity group-backed California distributor of emergency- and disaster-related products and equipment, including glow sticks, flashlights and lanterns, needed fresh working capital to replace its existing factoring facility. Collaborating with sponsor Highland Capital Partners, Gibraltar provided a $3 million asset based line of credit to give the company the liquidity needs to succeed.

Prepared Foods: $3 million

Backed by private equity group Cyprium Investment Partners, this New York-based manufacturer of prepared foods for major national food chains had been operating without a line of credit. Experiencing strong growth, the producer needed fast access to additional working capital to fulfill new customer contracts. Gibraltar created a $3 million asset-based line of credit to boost momentum for this progressive, private equity group-backed business.

In addition, last month Gibraltar secured factoring lines of credit to expand working capital for two diverse businesses: $3.5 million to a publicly traded media applications and digital signage company out of Texas, and $200,000 to assist a North Carolina-based commercial fiber optic cable installer.

Headquartered in Chicago, Gibraltar Business Capital is a privately held middle-market lender providing small- to medium-sized business owners fresh and accessible capital alternatives to a commercial bank loan. With fast, flexible asset-based lending and factoring solutions, Gibraltar delivers lines of credit and specialized funding that allows business owners to meet their objectives. Building on its 60-year history, Gibraltar Business Capital is a multifaceted company strategically positioned with the portfolio, infrastructure, personnel and resources to support its clients nationwide.

Gibraltar regularly secures up to $10 million to support private equity group-backed investments for:

  • Growth/expansion
  • New buyouts
  • Recapitalization
  • Fatigued lender replacement
  • Dividend recaps
  • Minority investments
  • Stressed situations

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