Daily News: March 27, 2013

Business Capital Delivers $5MM for Leveraged Buyout


Business Capital announced it has structured a $5 million business acquisition financing package allowing its client, Sysorex Global Holdings, an information technology solutions company, to acquire Lilien, an enterprise IT infrastructure solution provider with over $40 Million in annual revenue. The structure was a combination of stock and cash from debt financing.

“In this highly selective lending environment, obtaining debt based financing in general and acquisition financing in particular continues to be a time consuming challenge for both the borrower and most banks or finance companies. We were extremely thorough in our evaluation of both companies and were able to uncover value beyond what was reported in the financial statements, which contributed to our ability to successfully arrange for the acquisition financing,” said Chuck Doyle, managing director of Business Capital.