BHI and its specialty and sponsor finance group’s most recent deals include a $55 million senior secured credit facility for a NJ-based paper distributor, and an increase in the bank’s revolver commitment of $45 million to support a strategic acquisition for a private equity-owned manufacturer of specialty labels.
The BHI specialty and sponsor finance group was developed four years ago to offer a banking and financial services platform to middle market financial sponsors, family offices and business entrepreneur clients. These financing capabilities provide for acquisitions, leveraged buyouts, dividend recaps, recapitalization and general corporate purposes, coupled with a complement of ancillary banking services.
“These transactions are representative of our collaboration with our private equity and business entrepreneur clients to support their growth initiatives,” Carl Giordano, senior vice president and team leader of the specialty and sponsor finance group within BHI’s New Jersey representative office, said. “We’ve adjusted and adapted very well in the new normal and will continue to fund appropriate opportunities as the pipeline of activity increases.”
“We take a personal approach and work in partnership with our clients, providing tailored financing solutions to meet their objectives. Since its beginning, BHI Specialty and sponsor finance has realized stellar growth in originations and built a prestigious client roster. Our team will continue to be focused on serving the PE sector in the pandemic economy,” John Yoler, executive vice president, division executive and head of BHI U.S. representative offices, said.
BHI is the the U.S division of Bank Hapoalim, an Isrealian financial institution that provides commercial banking solutions to middle market clients in sectors, including commercial real estate, C&I, food and beverage, entertainment, apparel, healthcare and high-tech.
