Daily News: March 11, 2013

Panamax, DPG Arrange $12.5MM Financing for Dealer Funding

Panamax Capital of Greenwich, CT, DPG Investments, of Scottsdale, AZ and affiliates announced a successful closing of a $12.5 million financing for Dealer Funding of Atlanta.

Dealer Funding is a specialty finance credit platform with a long track record of consistently generating above-market returns on capital. Dealer Funding provides financing and servicing extensively in the southeastern United States in the subprime auto finance industry. The company will use the capital to grow its business.

Panamax Capital and DPG, in a joint partnership, have already secured approximately $300 million in private financing commitments as principals and advisers for niche specialty finance companies scheduled to close in the first half of 2013.

“Dealer Funding has a dynamic credit-related business, proven track record of performance, strong management and significant opportunities for long-term growth,” said Dan Galvanoni, chairman of DPG Investments.

Panamax CEO Tom Blinten and Frank Byrne, a member of Panamax’s Global board of advisors, were critical to the successful financing. Tom Blinten indicated that “Dealer Funding’s management and their vision and mission are exemplary, and we stand ready to continue to work with them in the future.” The private placement was processed by Panamax’s affiliated broker dealer, Omnicap, LLC.

Panamax is a private, global merchant bank that provides capital markets, M&A and principal finance services.

DPG Investments and affiliates provide global alternative investment management and advisory services.