Clarus Capital arranged a combined $55 million U.S. and Canadian lease facility for a multi-sponsor-backed business service provider. The financing proceeds supported strategic growth initiatives, liquidity planning and M&A. Clarus Capital funded $40 million of the facility for its own account and placed the remaining exposure to expand the facility, including assets in service throughout the company’s Canadian footprint.
“Clarus maintains the institutional depth and sponsor finance expertise to deliver large hold positions and reliable executions for complex multiparty transactions,” Steve O’Leary, CEO of Clarus Capital, said. “Clarus continues to demonstrate this experience through thoughtful, flexible and transparent structures that enable sponsors and their portfolio companies to unlock strategic upside.”
“We are excited to continue our team’s longstanding partnership with these sponsors and their portfolio companies,” Tim Conway, chairman of Clarus Capital, said. “Members of the Clarus team have supported these and other middle market sponsors for well over 20 years, and we continue to demonstrate the consistent sophistication and reliability required to win and execute that business.”
