Kapitus, a provider of financing for small and medium sized businesses, has been acquired by an affiliate of InterVest capital partners, an alternative investor with a focus on specialty finance and real estate.
The partnership will provide Kapitus access to deep commercial finance expertise, a network of high-performing portfolio companies that deliver capital to SMBs across a wide range of industries, and additional growth capital to accelerate expansion and broaden access to financing for small businesses.
“With capital and strategic support from InterVest capital partners, Kapitus is better positioned to meet the growing demand for small business financing,” Andrew Reiser, CEO of Kapitus, said. “InterVest has a successful track record of growing commercial lending companies and expanding access to capital for SMBs. We are thrilled to partner with InterVest in this next phase of growth for Kapitus, as we continue to expand our product set and financial support to small businesses.”
Kapitus will continue operating independently, as it has for the past 20 years, working directly with small businesses nationwide to provide a comprehensive suite of financing solutions to meet their individualized needs.
“We see Kapitus as a premier small business lending platform in the U.S. and are excited to partner with the Kapitus team to expand access to capital for SMBs nationwide,” Steven Tenenbayev, chief investment officer of InterVest, said. “Small businesses are one of the primary drivers of job creation and economic growth in the United States today and this partnership demonstrates our optimism in the potential of the nation’s small business economy.”
Guggenheim Securities acted as financial advisor and Simpson Thacher & Bartlett as the legal advisor to the seller in this transaction. Stephens and Truist Securities acted as financial advisors and O’Melveny & Myers acted as legal advisor to the purchaser. Morgan, Lewis & Bockius acted as legal advisor to management.
