Clarus Capital closed a new $15 million lease facility for a sponsor-backed medical device manufacturer. Financing proceeds will support progress payments during the construction of a new clean room facility following recent expansion of existing commercial contracts.
“Clarus continues to offer flexible structures for portfolio companies of private equity sponsors including interest only construction periods when necessary,” Steve O’Leary, CEO of Clarus Capital, said. “This investment builds on our growing expertise within the medical device manufacturing sector, where we have deployed over $50 million of capital to multiple scaled manufacturers across specialized production assets.”
“We are pleased to continue our trusted relationship with this sponsor and its portfolio companies,” Tim Conway, chairman of Clarus Capital, said. “Members of the Clarus team have supported this sponsor for over two decades across multiple transactions, representing several hundred million dollars in total financings.”
