Clarus Capital completed a new $15 million lease facility for a sponsor-backed aerospace components manufacturer. Financing proceeds will support the acquisition of essential use production equipment to meet new contract growth while also paying down revolver balances to bolster liquidity.
“This transaction represents another successful execution in Clarus’ strategy to support well-known middle market private equity firms, family offices and their portfolio companies,” Steve O’Leary, CEO of Clarus, said. “Our team is a unique mix of equipment finance and leveraged finance professionals, resulting in a customized, responsive approach to meeting the often complex needs of sponsor-backed businesses. We appreciate the opportunity to execute this transaction and look forward to expanding this specific financing as well as our long-term partnerships with these experienced sponsors.”
