Today’s investment bankers play a very powerful role in the market and have transitioned to asking lenders to consummate financings based on adjustments to EBITDA rather than actual EBITDA, which presents real challenges for lenders across all markets. Charlie Perer, co-founder and head of originations at SG Credit Partners, compares today’s “adjusted” world to that of titular sci-fi flick “The Adjustment Bureau” as he spells out what shifting lines in the sand mean for the specialty finance industry.
In November 2021, SG Credit Partners acquired Stonegate Capital and announced its entry into asset-based lending with a focus on high-growth consumer products. The result of the combined companies is the ability to deliver a complete range of tailored credit solutions to the lower middle market.
In the current market, where sentiment can change on a dime due to everything from supply chain constraints to geopolitical upheaval, it’s essential to expect the unexpected, but that doesn’t mean we can actually see the twists coming.
SG Credit Partners provided a $4.5 million SaaS acquisition facility to a communications SaaS platform catering to the insurance industry. SG structured a $4.5 million senior secured debt facility providing interest-only flexibility to support the company’s planned ARR growth initiatives.
Charlie Perer explains how mounting economic stressors are setting the stage for an impending increase in work-out activity in which non-bank distressed and asset-based lending groups will look to take advantage of understaffed bank work-out groups.
Citizens served as sole lead arranger on a $70 million asset-based revolving credit facility for Chicago-based Stonegate Capital Holdings to support its acquisition by SG Credit Partners.
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.
SG Credit Partners provided $3.5MM high net worth guarantor loan to a real estate holding company. The single-asset real estate holding company, which is owned by a high-net-worth technology executive, agreed to acquire a lakefront residential land parcel in a city.
Charlie Perer of SG Credit Partners takes us on a trip back to the era of feudalism (sort of) by exploring the spread of regional small business investment companies (SBICs) and their impact on the lower middle market.
SG Credit Partners provided a $3 million growth capital facility to Foresite, a cybersecurity software company providing security operations, compliance and consulting services.