WhiteHorse Capital Provides a First Lien Term Loan to BBQGuys
MIAMI – October 5, 2020 – WhiteHorse Capital, the direct lending affiliate of H.I.G. Capital, a leading global private equity and alternative assets investment firm with over $40 billion of equity capital under management, provided a new first lien term loan to support Brand Velocity Partners’ (“BVP” or the “Sponsor) acquisition of BBQGuys (“BBQGuys” or the “Company”). BBQGuys is a leading e-commerce provider of barbeque grills, accessories, and other barbeque and outdoor living products.
“The WhiteHorse Capital team was a great financial partner throughout the transaction. We were impressed with their ability to move quickly and be creative when structuring the transaction to meet our needs, and look forward to continuing our partnership as we grow our business,” said Steve Lebowitz, Managing Partner at BVP.
Javier Casillas, Managing Director at WhiteHorse Capital, added, “We are excited to partner with BVP and the Company on this transaction. We look forward to supporting the Company, management team and Sponsor as they execute on their operating strategy going forward.”
Founded in 2000 and headquartered in Baton Rouge, LA, BBQGuys is a leading e-commerce provider of barbecue grills, accessories and other barbecue and outdoor living products. Blaze, its sister company, designs and sells grills, accessories and outdoor living products.
About WhiteHorse Capital
WhiteHorse is the direct lending affiliate of H.I.G. Capital, a leading global private equity and alternative assets investment firm with over $40 billion of equity capital under management.* WhiteHorse provides debt financing to middle market companies across a broad range of industries, including business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long-term relationship-oriented portfolio management philosophy.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.