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CRESTLINE DIRECT LENDING 

 

Crestline provides flexible senior debt capital solutions to lower-middle and middle market businesses.

 

We seek senior secured, unitranche and second lien opportunities ranging from $20mm - $100mm.

 

 

Please Contact our Team

 

For inquiries related to potential credit and opportunistic investment opportunities, please contact Marc Strauss at 917-208-4025 / mstrauss@crestlineinc.com, or Jake Friemel at 817-339-7383 / jfriemel@crestlineinc.com

 

 

INVESTMENT PARAMETERS

***

FACILITY SIZE

  • $20mm - $100mm

 

GEOGRAPHY

  • North America

  • Western Europe
STRUCTURES

  • 1st Lien / Unitranche

  • 2nd Lien

  • Equity Co-Invest (Non-Control)
TRANSACTIONS

  • Acquisition Financing

  • Growth Capital

  • Leveraged Buyouts

  • Refinancing

  • Recapitalization

  • Secondary Purchases

 

 

TYPES OF INVESTMENTS

 

 
RECURRING REVENUE

 

MULTI-SITE /
DISCRETE POOLS OF VALUE
ASSET PROTECTION

 

 

 

DESCRIPTION

 

  • Recurring or multi-year contractual revenue

  • High retention rates

  • Mission critical attributes create high switching costs

  • Businesses with 10+ locations, each with its own cash flow stream

  • Businesses with separable pools of value

  • Non-consumer or fashion

  • Single asset or portfolio of assets

  • Preferably cash yielding

  • Niche opportunities

 

 

 

 

 

INDUSTRY EXAMPLES

 

  • Alarm Monitoring

  • Data Centers

  • Financial Technology / Payment Processing

  • Healthcare IT

  • Industrial / Facilities Maintenance

  • Software

  • Tech-Enabled Services

  • Waste Management

  • Education

  • Healthcare Services

  • Traditional Media

  • Specialty Finance

    • Leasing

    • Factoring

    • Small Business / Consumer

  • Real Estate

  • Energy

 

 

 

REPRESENTATIVE CLOSED TRANSACTIONS

***

 

$50,000,000

 

Provider of Hospital
Management Services

 

Senior Secured

Credit Facility

 

Growth Capital

 

Jan 2019
***

 

$65,000,000

 

Subscription E-Commerce
Platform

 

Senior Secured

Term Loan

 

Refinancing & Growth Capital

 

Dec 2018
***

 

Non-Disclosed

 

Dermatology
Services

 

Senior Secured

Credit Facility

 

Refinancing & Growth Capital

 

Dec 2018

***

 

$27,000,000

 

Specialty Revenue Cycle
Management Provider

 

Senior Secured

Credit Facility

 

Acquisition & Growth Capital

 

Oct 2018
***

 

$50,000,000

 

Video / Audio
Content Distribution

 

Senior Secured

Credit Facility

 

Acquisition & Refinancing Capital

 

Sep 2018
***

 

$42,500,000

 

Fertility Clinic Practice Management Software

 

Senior Secured

Credit Facility

 

Acquisition & Growth Capital

 

Sep 2018

***

 

$50,000,000

 

Identity Verification
Software Provider

 

Senior Secured Credit

Facility & Equity Co-Invest

 

Acquisition Capital

 

Sep 2018
***

 

$40,000,000

 

Consumer Debt Recovery
Solutions Platform

 

Senior Secured

Credit Facility

 

Acquisition Financing

 

Jul 2018
***

 

$55,000,000

 

Personal Emergency Response
System Provider

 

Senior Secured

Credit Facility

 

Refinancing & Growth Capital

 

Jun 2018

***

 

$30,000,000

 

Tax Service
Provider

 

Senior Secured

Credit Facility

 

Refinancing Capital

 

May 2018
***

 

$45,000,000

 

Fixed Wireless
Internet Provider

 

Senior Secured

Credit Facility

 

Refinancing Capital

 

May 2018
***

 

$23,000,000

 

Consumer Products
E-Commerce Company

 

Senior Secured

Credit Facility

 

Acquisition Financing

 

May 2018

***