Capteris, a large ticket equipment finance provider, funded $45 million as part of a $135 million senior secured facility. The proceeds were used to facilitate the acquisition between two major automotive suppliers.
“Through our strong capital markets relationship with the lead agent and our domain expertise within auto and manufacturing, Capteris was able to commit significant capital, timely approvals, and certainty of execution. These factors helped solidify the funding needed for this important acquisition between major players in the manufacturing and assembly space,” Lance Rhodes, head of capital markets for Capteris, said.
