CapX Partners added to its previous Fund IV investment in Adler Hot Oil Service by providing a senior secured term loan and lease line of credit totaling $2.75 million.
CapX Partners structured a $2.5 million finance lease, providing capital to support SkinCure’s ongoing growth and allowing the company to preserve its working capital.
Specialty finance company CapX Partners provided a $5 million ABL facility to Javo Beverage, a portfolio company of private equity firm Falconhead Capital.
CapX Partners promoted three team members located at the firm’s Chicago offices. Peter Washington, promoted to director, will be managing transaction underwriting and portfolio management. Justin Wirt and Jim Fox were promoted to associate.
CapX Partners promoted Ryan Elsass to vice president and Taira Masciantonio to associate. Elsass will be focused on business development, and Masciantonio, an ABL veteran, will concentrate on new asset underwriting.
CapX Partners has closed a $15 million senior term loan facility for Fusion Academy & Learning, an accredited, alternative private school.