SG Credit Partners announced its acquisition of Stonegate Capital Holdings (“Stonegate”) and its entry into asset-based lending with a focus on high-growth consumer and recurring revenue verticals. Stonegate will operate independently as a new division of SG Credit and continue to build upon its position as a market leader in non-bank direct lending. The acquisition of Stonegate establishes SG Credit Partners as the leading lower middle market credit platform delivering a complete range of credit solutions.
Headquartered in Chicago, IL, Stonegate will continue its strong history of providing credit facilities ranging from $2 – $10+ million to companies, operating in the U.S. and Canada. Target markets include providers of goods and services to the consumer sector, including food & beverage, naturals, beauty, ecommerce, fashion, and recurring revenue businesses. "We are excited to welcome the Stonegate team and continue financing leading consumer brands,” said Marc Cole, CEO at SG Credit Partners.
Acquiring Stonegate provides both a market leading position in the consumer vertical, but also revolving capabilities throughout the SG Credit platform. The acquisition of Stonegate strengthens SG Credit’s product platform including the ability to structure senior and junior debt as well as provide both cash flow and asset-based loans. “With a broader product set, the next phase of growth for SG will be expanding into more verticals”, said Charlie Perer, Head of Originations.
SG Credit has evolved from a niche lender to a family-office backed credit platform with national reach, product breath and vertical industry expertise. “Our goal all along was to leverage SG Credit’s national distribution to layer on businesses with the goal of building the preferred non-bank lender in the lower middle market, focused primarily on entrepreneurs,” said Mack McNair, Chairman of SG Credit.
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