Neptune Wellness Solutions, a consumer-packaged goods company focused on lifestyle brands, and its nutraceuticals brand subsidiary, Biodroga Nutraceuticals, entered into an accounts receivable factoring facility and inventory finance rider with Alterna Capital Solutions.
Alterna Equity Partners, a South Florida-based lower middle-market private equity firm, completed the 100% sale of one of its portfolio companies, Alterna Capital Solutions, to Paychex.
Alterna Capital Solutions added Bank of America to its senior lending syndicate and increased its line of credit by $65 million, with Bank of America supplying $50 million and Wells Fargo delivering an additional $15 million. Alterna’s line of credit now totals $205 million.
Alterna Capital Solutions, a specialty and alternative financing lender to small businesses experiencing growth, added Alexander Douglas as chief experience officer (CXO).
Alterna Capital Solutions hired Greg L’Herault as senior vice president of sales and originations to meet demand in the Mountain and Desert regions of the United States, including the states of Arizona, Colorado, Idaho, Nebraska and Utah.
Alterna Capital Solutions moved its headquarters to a new office at 2420 Lakemont Ave. in Orlando, FL. In addition, the firm promoted Kevin Gunter and Greg Carpenter to co-chief sales officer roles and appointed Lewis Chan to lead the development of a new strategic partnership channel.
Greg Carpenter, executive vice president and managing director of Alterna Capital Solutions, joined the newly formed advisory board for a private equity fund from Alterna Equity Partners, an affiliate of Alterna Capital Solutions.
Alterna Capital Solutions supported a deal origination for a lower middle-market private equity fund controlled by its affiliate, Alterna Equity Partners. The fund focuses on control and non-control investments in companies with $1 million to $10 million in EBITDA.
Alterna Capital Solutions completed a $60 million transaction providing growth capital to a Florida-based healthcare staffing resource company. The deal is the largest transaction to date in the three-year-old firm’s history.
Roger Allen joined Alterna Capital Solutions’ executive team as chief operating officer based in Winter Park, FL. Allen will focus on expanding and leading the underwriting, operations and client management departments for Alterna.