Clarus Capital completed a new $15 million lease facility for a sponsor-backed medical device manufacturer. Financing proceeds will support the installation of new essential use manufacturing equipment and machining centers across multiple facilities.
“Clarus is excited to serve as a financial partner for expanded production of critical lifesaving devices,” Steve O’Leary, CEO of Clarus Capital, said. “Clarus structured a bespoke solution that provides access to liquidity throughout the build out of its new state-of-the-art production equipment, all while executing in a tight timeframe. We look forward to additional opportunities to support the company and sponsor with future capital projects.”
“Clarus continues to execute thoughtful and reliable financing solutions for financial sponsors and their portfolio companies,” Tim Conway, chairman of Clarus Capital, said. “Our team’s experience underwriting both cash flow and equipment finance transactions provide Clarus with the unique background to provide efficient, alternative capital to the market.”
