Tree Line Capital Partners, a direct lender focused on the lower middle market, served as sole lender for a first lien credit facility to support the acquisition of Dash Medical Gloves by a group of private investors. The Private Sponsor is comprised of private equity and safety products industry executives with a long-term track record of successful investing in the personal protective equipment space.
Tree Line is a private credit asset management firm focused on direct lending to the lower middle market. The firm provides first lien term loans, unitranche term loans and equity co-investments to lower middle market borrowers in North America.
“This transaction is a great example of our creative and comprehensive approach to financing needs of lower middle market sponsors and borrowers,” Frank Cupido, Partner of Tree Line, said. “We were able to tailor a unique structure involving acquisition financing, post-close working capital support and equity alignment to address all of the Private Sponsor’s transaction needs. Dash has a longstanding track record of excellence in the personal protective equipment space, and we’re excited to partner with the Dash team in their next phase of growth.”
