The acquisition of Fenix Parts by Stellex Capital Management has been recognized as the “Out-of-Court Restructuring of the Year” in the under $100 million category in the 13th Annual Turnaround Awards by The M&A Advisor.
CIT Bank arranged and provided debt financing to support Stellex Capital Management’s investment in Cisco Equipment. The investment was made in partnership with the company’s CEO Christopher J. “C.J.” Sibert and management.
AloStar Capital Finance agented and closed a $20 million credit facility to support the recent acquisition of Fenix Parts by Stellex Capital Management, a middle market private equity firm.
AloStar Capital Finance, Fenix Parts, Stellex Capital Management, Andy McGhee
Stellex Capital Management, a middle-market private equity firm, has closed its maiden fund at $870 million, beating its $750 million target. Stellex primarily focuses on manufacturing and service businesses. Its target investment size is $25 million to $100 million.