FOR IMMEDIATE RELEASE
February 7, 2019
Byline Bank’s Sponsor Finance Group (“BSFG”) announced that it has provided revolver and term credit facilities to finance Kian Capital’s recapitalization of Charles Products, Inc. BSFG was represented by Duane Morris, LLP.
Founded in 1952, Charles Products, Inc. is a leading provider of specialty designed custom merchandise to prominent tourist attractions including zoos, museums, aquariums, theme parks, notable locations and other gift shops. The Company offers a broad range of custom, high quality products with unique themed programs. “We are excited to partner with the team at Kian Capital. Charles Products, Inc. is a leader in this segment of the specialty merchandise industry. CEO Glen Heitmann and the rest of management have positioned the Company for continued strong performance” said Dan Delgadillo, SVP of Byline Bank’s Sponsor Finance Group.
About Byline Sponsor Finance Group
Byline Sponsor Finance Group, with offices in Chicago, IL and Atlanta, GA provides senior secured cash flow loans to private equity backed lower middle market companies throughout the United States. BSFG focuses on companies that generate EBITDA between $2 million and $10 million with products that support the acquisition, recapitalization and growth investment efforts of private equity firms operating in the lower middle market. For more information visit, www.bylinebank.com/sponsor-finance.
About Byline Bank
Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank has approximately $4.9 billion in assets and operates more than 50 full service branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and retail banking products and services including small ticket equipment leasing solutions and is one of the top 10 Small Business Administration lenders in the United States.
About Kian Capital
Kian Capital, an investment firm with over $425 million of capital under management, provides transformative capital solutions to established lower middle-market companies, often serving as the first institutional capital provider to closely held businesses. Kian Capital has the flexibility to participate in all forms of junior capital, including common stock, preferred equity and subordinated debt. Investments typically incorporate both equity and subordinated debt and Kian Capital can act in either a control or non-control capacity. Kian Capital has offices in Atlanta, GA and Charlotte, NC. For more information, please visit www.kiancapital.com
For more information please contact:
Dan Delgadillo, SVP
Sponsor Finance Group, Byline Bank
Jim Kuncl, SVP
Group Head, Sponsor Finance Group, Byline Bank