LBC Provides Facility to Support Frontenac Investment
LBC Credit Partners, a provider of financing solutions to middle-market companies, announced that it provided a credit facility and an equity co-investment to support Frontenac Company’s investment in the Portfolio Group.
LBC Credit Partners was the sole lead arranger, sole bookrunner and administrative agent for this transaction.
Irvine, CA-based Portfolio Group provides outsourced financial services to automobile dealerships. Portfolio Group manages all facets of automobile dealers’ aftermarket, extended warranty and vehicle service contract programs, including establishing and administering dealer-owned risk transfer and reinsurance.
Frontenac Company is a Chicago-based private investment firm that works with the owners of mid-sized businesses.
LBC Credit Partners is a provider of middle-market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions.