Encina Private Credit hired Mark Patchell as senior managing director and Brian Tammaro as managing director to expand the company’s originations team and business development efforts.
Encina Private Credit served as administrative agent and collateral agent for a senior secured credit facility supporting H.I.G. Capital’s acquisition of Penhall Company, a provider of specialty concrete services. Marathon Asset Management led the facility.
Encina Private Credit appointed Mike Hensinger CEO, effective immediately. Hensinger also joined the company’s board of directors. John Ryan, founding CEO of Encina Private Credit, will continue to play a role with the company as chairman of the board of directors.
Encina Private Credit served as revolver agent and term loan lender for a senior secured credit facility to support the long-term growth of Visual Edge IT, a company that specializes in managed IT services and security, cloud computing and print/copy solutions for businesses across the U.S.
Encina Private Credit served as administrative agent, collateral agent, joint lead arranger and joint bookrunner for a senior secured credit facility supporting H.I.G. Capital’s acquisition of Tower Engineering Professionals.
Encina Private Credit appointed Ian Nalitt as managing director of originations, and Brian White as senior vice president of capital markets.
Encina Private Credit served as joint lead arranger and joint bookrunner for a $155 million senior secured credit facility supporting a global technology focused private equity firm for the acquisition of a leading provider of cloud-based enterprise software solutions.
Encina Private Credit expanded its capital base with $500 million in incremental capital commitments. In connection with the significant expansion of its capital base, Encina Private Credit also hired Michael Hensinger as its president and chief commercial officer.