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Clarus Capital Arranges Upsize to $55MM for Business Services Provider as Lead Lender, Arranger

February 14, 2024, 07:20 AM
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Topic: Industry News

Clarus Capital announced it has completed the arrangement of a combined $55 million U.S. and Canadian lease facility for a leading multi-sponsor-backed business service provider. Financing proceeds supported strategic growth initiatives, liquidity planning, and M&A. Clarus 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 Canada footprint.

Clarus CEO Steve O’Leary said, “Clarus maintains the institutional depth and sponsor finance expertise to deliver large hold positions and reliable executions for complex multiparty transactions. Clarus continues to demonstrate this experience through thoughtful, flexible, and transparent structures that enable sponsors and their portfolio companies to unlock strategic upside.”

Clarus Chairman Tim Conway added, “We are excited to continue our team’s longstanding partnership with these sponsors and their portfolio companies. 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.”

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