Boston, Massachusetts – Clarus Capital (“Clarus”) announced today that it has completed the arrangement of a $70M lease facility for a leading sponsor-backed transportation service provider. Financing proceeds supported strategic growth initiatives and fleet expansion. Clarus funded half of the facility for its own account and placed the remaining amount with multiple lessors.
Clarus CEO Steve O’Leary commented “This was a large and complex transaction with significant strategic upside to this well-known sponsor. Clarus executed its approval efficiently against a challenging funding deadline and then brought in additional investors to complete the execution. Clarus can not only write sizeable checks, but we have the institutional depth and experience to execute well beyond our own balance sheet. This was the second substantial transaction for this sponsor in 2023, and we look forward to finding other ways to support their portfolio companies.”
Clarus Chairman Tim Conway added “This transaction highlights Clarus’ ability to execute complex, multi-party financings even in the face of volatile market conditions. The Clarus team has supported middle market sponsors for well over 20 years, and we continue to demonstrate the sophistication and reliability required to win and execute that business. Our leveraged finance experience now enables us to deliver flexible financing solutions for mission critical assets across that same client base.”
About Clarus Capital
Clarus Capital is a commercial finance company specializing in delivering efficient capital solutions to finance tangible assets for sponsor-backed borrowers. The Company targets investments up to $35 million across a wide array of equipment types, industries and throughout the credit spectrum via a seasoned group of investment professionals with diverse risk management and structuring expertise. Clarus Capital was formed as a partnership between a proven leadership team and long-term institutional capital with the goal of building a comprehensive equipment finance platform that addresses the needs of middle market and large U.S. companies. The firm is headquartered in Boston, MA and has a nationwide footprint across the United States. For more detailed information about Clarus Capital, please visit our website at www.claruscap.com or contact us at info@claruscap.com.