LEAF Commercial Capital announced the recent closing of a $50 million growth equity investment from Eos Partners, L.P. and its affiliates ("Eos"), a New York based private investment firm.
In connection with the Eos investment, LEAF also closed on $75 million of additional debt financing with Versailles Assets LLC, an asset-backed commercial paper conduit sponsored by
Natixis, which increases the Company's securitized and syndicated warehouse facility to $185 million in aggregate. The warehouse facility is managed by Guggenheim Securities, LLC
("Guggenheim Securities").
The $125 million of incremental financing provided by Eos and Natixis will further support the expansion of the LEAF platform and its growing origination volume. FBR Capital Markets & Co.
("FBR") advised LEAF in connection with the equity financing.
Crit DeMent, LEAF's Chairman and CEO, stated, "We are delighted to have closed this financing and are excited about the opportunity to partner with Eos. The investment that Eos has made in
our company is a validation of our management team, corporate capabilities and creative marketing strategies. We value their sponsorship of our business and look forward to leveraging their
experience with growth companies and their expertise in the capital markets. We believe that the additional financing provided by Eos and Natixis significantly strengthens our leasing
platform and will enable us to continue providing the equipment financing industry with a strong and forward thinking resource, one that will transform the way the market perceives the
value of a financing partner."
Brendan Moore, a Principal of Eos, said, "We believe that LEAF represents a compelling opportunity to leverage an established platform with an experienced and proven management team and
help build a market leading independent commercial finance company. Our investment will enhance LEAF's ability to execute on its growth strategy and expand its offering to meet the ever
changing demands of the markets and the customers that the Company serves."