Clarus Capital, a private credit firm specializing in equipment finance, partnered with a major U.S. bank to support its growing customer with a $40 million equipment lease facility for a sponsor-backed contract beverage co-packer. Clarus proceeds will support the year-long build out of a beverage filling line at the company’s new facility currently under construction, backed by multi-year volume commitments from existing blue-chip customers.
“We were pleased to deliver a seamless execution alongside our highly experienced bank partner to provide critical expansion capital for their client’s growth,” Steve O’Leary, CEO of Clarus Capital, said. “This project is reflective of the client’s vision of developing a best-in-class, technologically advanced operation not currently offered by legacy infrastructure. With balance sheet capacity of up to $100 million, and a focus on highly leveraged, sponsor-owned businesses, we look forward to the opportunity to support future growth objectives for this client. Clarus uses its experience and flexibility to help leading banks like this one continue to provide innovative, competitive solutions for their key relationships across the credit continuum.”
“This transaction demonstrates Clarus’ sophistication as well as the certainty of execution that we deliver not only directly for sponsors and their portfolio companies, but for banks and other intermediaries as well,” Tim Conway, chairman of Clarus Capital, said. “Our team’s experience in providing scaled, private credit solutions positions Clarus as the go-to partner for sponsor-backed companies and their long-term value creation initiatives.”
