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February 28, 2018                                         

Byline Sponsor Finance Group supports Svoboda Capital Partners in its recapitalization of Quality Importers Trading Co. and acquisition of XIKAR, Inc.

Byline Bank’s Sponsor Finance Group (“BSFG”), the cash flow lending division of Chicago-based Byline Bank, announced that it provided revolver and term credit facilities to finance Svoboda Capital Partners’ (“Svoboda”) investment in Quality Importers Trading Co. (“QI”) and XIKAR, Inc. (“XIKAR”). BSFG was represented by Duane Morris LLP.

QI is a cigar accessory distributor based in Weston, FL. The company designs, imports, and wholesales proprietary-branded and third-party branded cigar humidors, cigar accessories, and custom cigar box packaging products, among other cigar-related accessories.   XIKAR is a provider of premium branded cigar accessories. The company designs and distributes branded lighters, cutters, humidification products, and other cigar-related accessories. “Svoboda has extensive knowledge in the cigar accessory space after previously investing in Cigars International.  We are excited to partner with Svoboda and the companies’ management teams on the combination of these two industry leaders” said Dan Delgadillo, SVP of Byline Bank’s Sponsor Finance Group.

About Byline Sponsor Finance Group
Byline Sponsor Finance Group, headquartered in Chicago, IL, 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:

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 $3.4 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 Svoboda Capital Partners
Svoboda Capital Partners LLC is a Chicago-based private equity firm with over $350 million of capital under management. Founded in 1998, SC identifies, invests in and helps build excellent businesses in its targeted business niches: consumer products, value-added distribution, and business services. SC typically makes investments of $10 to $20 million per company in partnership with management teams. For more information, please visit

For more information please contact:

Dan Delgadillo, SVP
Sponsor Finance Group, Byline Bank
[email protected]
(843) 271-6181

Jim Kuncl, SVP
Group Head, Sponsor Finance Group, Byline Bank
[email protected]
(312) 660-5751