Salus Capital Closes Facility for Vintage Car Reseller
Salus Capital Partners announced it has provided a $10 million senior-secured collateral based working capital facility to a leading company that acquires vintage or classic automobiles for the purpose of resale.
Salus said it has amended its original transaction, closed in February 2012, to support the company in its auctions of vintage cars and pursuit of global opportunities.
“At Salus, we value the relationship we have with management and their respective advisors. Management has a proven track record, and the owners are considered experts in the field,” said Andrew H. Moser, president of Salus Capital Partners. “We understand complexity, and embrace the opportunity to leverage our expertise in specific asset classes across unique situations and opportunities.”