WhiteHorse Capital Provides Term Loan to Support the Acquisition of Clarus Commerce
STAMFORD, CT – September 8, 2016 – WhiteHorse Capital (“WhiteHorse”) announced today that one of its affiliates has provided a $27.5 million term loan to support the acquisition of Clarus Commerce by a group led by Trivergance, Falcon Investment Advisors, and Landon Capital Partners. Clarus Commerce, headquartered in Rocky Hill, CT, is a leader in the subscription commerce and loyalty solution industries.
“WhiteHorse’s speed and certainty proved invaluable during our acquisition of Clarus,” said Rene Benedetto, Managing Director of Trivergance. Tom Caporaso, CEO of Clarus, added, “We are excited to partner with WhiteHorse as we continue to pursue exciting growth initiatives. Their knowledge and familiarity with our sector was a true differentiating factor.”
“We are thrilled to partner with Trivergance, Falcon and Landon to support the top-notch management team at Clarus Commerce and look forward to continuing to support their growth through creative and flexible capital solutions,” said WhiteHorse Managing Director Pankaj Gupta.
About WhiteHorse Capital
WhiteHorse is the credit affiliate of H.I.G. Capital. 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.