Clarus Capital completed a new $5 million lease facility for a sponsor-backed engine components manufacturer, which used the financing proceeds to replenish liquidity and support asset purchases for contracts with customers.
“Clarus continues to view aerospace and defense as an attractive segment for continued investment,” Steve O’Leary, CEO of Clarus Capital, said. “This closing marks our sixth direct investment in the aerospace and defense sector within 18 months, with several other investments in adjacent sectors throughout the value chain as well. We look forward to additional opportunities to support this company and other A&D manufacturers with future capital projects.”
“Clarus continues to execute reliably on essential use asset financing for our key sponsor relationships,” Tim Conway, chairman of Clarus Capital, said. “This opportunity reflects the successful close of our second opportunity with this Sponsor and continuation of our 20+ year legacy of multi-transaction relationships with premier middle market sponsors.”
