Daily News: December 28, 2016

Cerberus Provides Debt for Dunes Point Capital Acquisition

Dunes Point Capital acquired the assets of Floors and Malibu Acceptance, which will be combined to create a diversified flooring platform.

Located in Southlake, TX, Floors is a designer, installer and retailer of flooring products to home builders and homeowners throughout Texas.

Located in Richardson, TX, Malibu is a designer and installer of flooring products to multifamily builders throughout the country. Founded in 1995, Malibu operates in 13 states.

DPC Investment Partners provided the equity for the transaction. Cerberus Business Finance provided the debt for the transaction.

Kirkland & Ellis served as legal advisor to DPC, and Alvarez & Marsal Transaction Advisory Group served as financial advisor to DPC. MAB Corporate Advisors served as financial advisor to Floors and Malibu.