Channel Partners Capital received a significant equity investment from funds advised by private investment firm Elliott Management, with Middlemarch Securities acting as investment banking advisor. Concurrent with the growth equity investment, Channel also refinanced its balance sheet with an expandable asset-backed facility led by CIBC Bank USA.

Channel, a company providing working capital solutions for small to mid-sized companies through its proprietary network of more than 400 equipment leasing partners, will use the growth capital to scale its loan originations, operations and technology platform.

Brad Peterson, CEO of Channel Partners Capital, said, “This is a major milestone for Channel Partners Capital and we appreciate Middlemarch’s efforts to make it happen. They prepared us to meet many highly qualified investors and guided us through a complex transaction, culminating with finding the right partner to fuel our growth in Elliott Management.”

Middlemarch advised Channel on its growth strategy, capital needs and aided in executing a complex transaction structure to achieve the goals of multiple stakeholders.

Demetris Papademetriou of Middlemarch Partners said, “After raising over $750 million dollars for a variety of alternative finance companies, we immediately recognized Channel’s strong management, unique customer acquisition strategy and superior performance metrics. Channel’s profile made a compelling investment candidate. With its investment from Elliott and CIBC, Channel is positioned to achieve its near-term goal of $300 [million] in funded working capital loans.”