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

***

 

$25,000,000

 

Liquid Waste Collection, Processing and Disposal Services Provider

 

Senior Secured

Credit Facility

 

Acquisition & Growth Capital

Dec 2020

 
***

 

$75,000,000

 

Pediatric and Orthodontic
Dental Service Organization

 

Senior Secured

Credit Facility

 

Refinancing Capital

 

Dec 2020

 
***

 

$44,000,000

 

Security Alarm Company

 

 

Senior Secured

Credit Facility

 

Refinancing & Growth Capital

 

Dec 2020

 

***

 

$76,000,000

 

Dental Service Organization

 

 

Senior Secured

Credit Facility

 

Acquisition & Growth Capital

 

Dec 2020

 
***

 

$28,000,000

 

Outdoor Billboard Inventory
Owner and Operator

 

Senior Secured

Credit Facility

 

Refinancing Capital

 

Dec 2020

 
***

 

$84,000,000

 

Speciality Home
Infusion Provider

 

Senior Secured

Credit Facility

 

Refinancing Capital

 

Nov 2020

 

***

 

$48,000,000

 

Medicare Advantage
Primary Care Provider

 

Senior Secured

Credit Facility

 

Growth Capital

 

Aug 2020

 
***

 

$25,000,000

 

Industrial Cleaning and
Mechanical Services Provider

 

Senior Secured

Credit Facility

 

Acquisition Financing

 

Dec 2019

 
***

 

$40,000,000

 

Medicare Advantage
Primary Care Provider

 

Senior Secured

Credit Facility

 

Refinancing Capital

 

Dec 2019

 

***

 

$40,000,000

 

Multi-Location Fitness
Center Operator

 

Senior Secured

Credit Facility

 

Growth Capital

 

Nov 2019

 
***

 

$50,000,000

 

Facility and Workspace
Management Software Provider

 

Senior Secured

Credit Facility

 

Acquisition Financing

 

Oct 2019

 
***

 

$28,000,000

 

Provider of Software and
Services for Financial Institutions

 

Senior Secured

Credit Facility

 

Refinancing & Growth Capital

 

Oct 2019

 

***

 

$20,000,000

 

Financial Service
Solutions Provider

 

Senior Secured

Credit Facility

 

Refinancing Capital

 

Sep 2019

 
***

 

$31,000,000

 

Dental Service Organization

 

 

Senior Secured

Credit Facility

 

Refinancing & Growth Capital

 

Aug 2019

 
***

 

$30,000,000

 

Fitness Club
Franchisor & Operator

 

Senior Secured

Credit Facility

 

Acquisition & Growth Capital

 

Aug 2019