Crestline Investors, Inc. (“Crestline”) and PhenixFIN Corporation (“PhenixFIN”) are pleased to announce that they have provided a senior secured loan to WHI Global, LLC (“WHI”), a manufacturer of high-precision components and assemblies used for aerospace, defense, and industrial applications. WHI’s highly specialized metallic and composite products are tailored to meet the needs of its’ loyal base of long-term clients. The financing provides WHI with liquidity to support meaningful near-term growth desired by its customers. WHI is backed by middle market sponsor RVE Partners.
“We’re thrilled to partner with Crestline and PhenixFIN to execute on our growth plans. This financing will help to take WHI to the next level,” added Al Altieri, President & CEO of WHI.
“This transaction aligns with Crestline’s strategy of backing established businesses in attractive sectors like aerospace and defense,” said Jake Friemel, Managing Director at Crestline Investors. “In our opinion, WHI’s deep and experienced management team, tenured customer relationships, technical differentiation, and growth trajectory made this a compelling opportunity to support a leading player in a critical space. We are excited to collaborate with our partners at PhenixFIN to support this transaction.”
“Crestline and PhenixFIN brought speed, creativity, and deep industry understanding to this transaction,” said David Caputo, Managing Partner at RVE Partners. “We’re excited to have them as lending partners and look forward to building value at WHI together.”
“As a flexible capital provider, we are committed to supporting WHI during this growth phase, leveraging our industry experience to contribute to their continued success,” said David Lorber, Chairman & Chief Executive Officer at PhenixFIN.
About Crestline Investors
Crestline Investors, Inc. is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The firm has approximately $20 billion in assets under management (as of September 30, 2024), and is specialized in private credit strategies, offering a diverse range of investment solutions across its direct lending, opportunistic, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
About PhenixFIN
PhenixFIN Corporation (NASDAQ: PFX) is an internally managed, closed-end, business development company (“BDC”). PhenixFIN’s management has a broad network of relationships and deep expertise in originating, structuring, executing and managing credit and equity investments. Our portfolio generally consists of senior secured first lien loans, senior secured second lien loans, and equity. PhenixFIN is headquartered in New York City.
About RVE Partners
RVE is a middle market private investment firm focused on investments in the aerospace / defense and industrial sectors. RVE has a long-term investment horizon, with a strategy centered around investing in its businesses to build value over time. RVE’s principals have decades of private equity investing experience. For more information, visit www.rvepartners.com.
About WHI Global
WHI is a vertically integrated manufacturer of precision components, composite structures and assemblies for the aerospace and defense markets. With industry-leading closed-die forging, composite fabrication, 3-, 4- and 5-axis CNC machining, assembly and NADCAP heat treat / NDT capabilities, WHI serves a global customer base. WHI’s operating history dates back to 1951 with over 250,000 sq. ft. of manufacturing footprint that includes three ITAR registered facilities carrying AS9100 Rev. D and ISO 9001 certifications. For more information, please visit www.whiglobal.com.
This financial promotion is issued by Crestline Management, LP and Crestline Europe, LLP (together "Crestline"). Crestline Europe, LLP is authorized and regulated by the Financial Conduct Authority (FCA). The material is not intended to be a formal research report and nothing in this presentation should be interpreted to state or imply that past results are an indication of future performance. Any opinions expressed herein are our current opinions only. There can be no assurance or guarantee that Crestline's investment strategy will achieve its stated goal. All information provided in this presentation is for informational purposes only Crestline accepts no liability for loss arising from the use of this material. In the United Kingdom, this communication is being made only to, or directed only at, persons who are: (i) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“FP Order”); (ii) high net worth companies and certain other entities falling within Article 49 of the FP Order; or (iii) any other persons to whom such communication may lawfully be made. It must not be acted, or relied, upon by any other persons.
