Rosenthal Capital Group, a private commercial finance firm in the United States, completed multiple ABL deals across a range of industries totaling $18 million. The transactions represent businesses from a broad spectrum of sectors, including sports and entertainment, accessories, healthcare, office supplies and graphics services and lighting equipment.
A distributor of LED lighting, fixtures and supplies to well-known retailers was seeking a creative financial partner to structure a transaction unique to its business model after its existing lender exited the ABL market. RCG provided an $8 million ABL facility with increased capacity to support the addition of new product lines.
A reseller of tickets to concerts, sporting events and other entertainment with yearly sales in excess of $50 million was looking for an increased facility to support growth as its current bank was unable to offer an increase. RCG structured a $3.5 million ABL transaction that increased availability against the client’s AR and inventory.
A luxury reseller of handbags and jewelry with annual sales of $20 million recently experienced a stock buyout from a private equity company that had been a long-time partner in the company. RCG negotiated and structured a $3 million revolver against AR and inventory to support the client’s working capital requirements.
A manufacturer of sterile, renewable medical and surgical equipment primarily selling to foreign customers insured by a reputable credit insurance company. The client was looking to grow the business and was seeking an increase to its current bank facilities. RCG was able to offer a $1.5 million increase in the facility against AR and inventory to support their requirements.
A distributor of supplies and printing services to law firms, including engraving, thermography, embossing and other graphics services, had been entirely self-financed by support from shareholders with yearly sales averaging $20 million. RCG was able to put a $1.5 million working capital facility in place to allow the client to borrow against its receivables.
“RCG has the ability to think creatively and offer clients soundly structured deals, whether they are looking to transition away from traditional bank financing or pair our solutions with an existing lender’s solution,” Rob Martucci, executive vice president and national sales and underwriting manager for RCG’s ABL division, said.
“This collection of ABL transactions represents not only the breadth of the industries we serve but also our ability to find effective one-stop solutions that meet our clients’ unique and specific needs,” Maria Contino, executive vice president and Western region sales manager for RCG, said.
