Capteris, a private credit equipment finance platform in alliance with Apollo, has announced a $20 million lease commitment for a private equity-owned provider of utility and infrastructure services.
“The company and sponsor were looking to find a single source who was capable of providing significant capital commitments and a streamlined process for improved efficiency”, Ben Bakke, vice president of sales at Capteris, said. “We worked closely with management and the sponsor to provide a $20 million lease line for various asset classes while at the same time, simplifying the documentation and closing process across multiple vendors.”
Capteris’ Sponsor team provides equipment finance solutions to Private Equity firms and their portfolio companies.
“Our dedicated sponsor coverage model provides expertise, personalized service, and certainty of execution, all key factors for this segment and why Capteris continues to increase market share across multiple mid-cap and large cap financial sponsors,” Todd Sinclair, head of sales and business development at Capteris, said.
