SG Credit Partners acquired Stonegate Capital Holdings and its entry into asset-based lending with a focus on consumer and recurring revenue verticals. Stonegate will operate independently as a new division of SG Credit Partners and continue to build upon its position as a non-bank direct lender.
Headquartered in Chicago, Stonegate will continue its history of providing credit facilities ranging from $2 million to $10 million or more to companies operating in the U.S. and Canada. The company’s target markets include providers of goods and services to the consumer sector, including food and beverage, naturals, beauty, e-commerce, fashion and recurring revenue businesses.
“We are excited to welcome the Stonegate team and continue financing leading consumer brands,” Marc Cole, CEO of SG Credit Partners, said.
Acquiring Stonegate provides both a position in the consumer vertical and revolving capabilities throughout the SG Credit Partners platform. The acquisition of Stonegate strengthens SG Credit Partners’ product platform, including the ability to structure senior and junior debt as well as provide both cash flow and asset-based loans.
“With a broader product set, the next phase of growth for SG will be expanding into more verticals,” Charlie Perer, head of originations at SG Credit Partners, said.
“Our goal all along was to leverage SG Credit’s national distribution to layer on businesses with the goal of building the preferred non-bank lender in the lower middle market, focused primarily on entrepreneurs,” Mack McNair, chairman of SG Credit Partners, said.
