SG Credit Partners rebranded Stonegate Capital, which it acquired in late 2021, to SG Consumer ProdSG Consumer Products provides asset-based lines of credit plus IP/brand and M&E term loans primarily to sponsor-backed consumer brands generating revenue of $15 million to more than $200 million.
Stonegate Capital, a division of SG Credit Partners, a family office-backed lender providing capital to lower middle-market businesses and entrepreneurs, closed a senior debt investment in Van Leeuwen Ice Cream.
Stonegate Capital closed a senior debt investment with Clio Snacks. Founded in 2015 by Sergey Konchakovskiy, Clio offers a line of handheld Greek yogurt bars and granola and yogurt parfait bars.
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.
Rescue capital has a long and occasionally sordid history in the United States, growing out of Gilded Age overreach and finding fertile ground in restructuring best practices. Hugh Larratt-Smith takes a stroll through history as he looks back on rescue capital origins before examining what its role could be in the very near future.
Stonegate Capital promoted Ryan Woody to managing director of credit and operations. Karen Szafraniec and Dan McCallum joined the company.
Stonegate Capital named Heather LaFreniere a managing director in its Chicago office. She previously worked in the Technology Banking Group of Silicon Valley Bank.
Virgo Investment Group made a significant equity investment in Stonegate Capital Holdings, a private specialty finance company.
Citizens Commercial Banking provided a revolving line of credit for Stonegate Capital, a Chicago-based commercial finance company serving lower middle market companies.
New ventures, Monroe Capital and the threat of exposure to the oil and gas industry were some of the most popular topics this year.