US Capital Global expanded growth-capital financing of up to £10 million ($13.19 million) for UK-based public company Manifesto Holding. US Capital anchored the term loan syndication from its own balance sheet through its business credit fund, US Capital Business Credit Income Fund.
With a host of popular venues across Paris, France, including Wanderlust and Silencio, Manifesto is a growing stakeholder in the French arts, culture and cinema world, and will be expanding to other cities worldwide.
The financing will repay a prior bridge loan made by US Capital Global and provide additional growth capital for acquisitions.
“We are very thankful to US Capital Global for fulfilling our growth-capital needs with this term loan financing,” said Arnaud Frisch, CEO at Manifesto. “This scalable financing will provide the support we need for our strategic expansion into the hospitality sector.”
“We are extremely pleased to have provided this growth-capital term loan of up to £10 million for Manifesto,” said Jeffrey Sweeney, chairman and CEO at US Capital Global. “Having received strong, positive acclaim for its innovation in the arts world, Manifesto is now pursuing further expansion in the hospitality sector. US Capital Global was able to support the company’s strategic goals by providing this scalable growth-capital term loan.”
Headquartered in San Francisco, US Capital Global is a full-service private financial group with a strong focus on asset-based lending, investment management and capital raise services. The firm focuses on providing lower middle market businesses and investors with debt, equity and investment opportunities usually available only to larger companies and institutional investors.