FOR IMMEDIATE RELEASE
October 17, 2017
Byline Sponsor Finance Group supports Wincove Private Holdings, LP’s investment in Rhino Assembly Company, LLC
Byline Bank’s Sponsor Finance Group (“BSFG”) announced that it provided revolving and term credit facilities to finance Wincove Private Holdings, LP’s investment in Rhino Assembly Company, LLC (“Rhino”). Fidus Investment Advisors, LLC invested in the transaction as well.
Rhino is a value-added distributor of high-performance assembly tools and material handling equipment used in heavy manufacturing. “Rhino has been a leader in the introduction of intelligent fastening solutions to its customers” says Dan Delgadillo, SVP of Byline Bank’s Sponsor Finance Group. “Management has been at the forefront of loT tools which can deliver production personnel with real-time feedback on productivity, performance and other metrics”.
About Byline Sponsor Finance Group
Byline Sponsor Finance Group, with offices in Chicago, IL and Charleston, SC, 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 had $3.3 billion in assets at June 30, 2017, 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 Wincove Private Holdings, LP
Wincove Private Holdings is an investment holding company that creates long-term capital appreciation for its shareholders by partnering with business owners, entrepreneurs and management teams to build market-leading companies. With offices in Boston and NY, Wincove has a permanent capital base, and can therefore stay invested in its partner companies for an unlimited time horizon. For more information, visit www.wincove.com.
About Fidus Investment Corporation
Fidus Investment Corporation is an externally managed, closed-end, non-diversified management investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. Fidus provides customized debt and equity financing solutions to lower middle-market companies, which it generally defines as U.S. based companies having revenues between $10.0 million and $150.0 million. Fidus seeks to partner with business owners, management teams and financial sponsors by providing customized financing for change of ownership transactions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. For more information, visit www.fdus.com.
For more information please contact:
Dan Delgadillo, SVP
Sponsor Finance Group, Byline Bank
Jim Kuncl, SVP
Group Head, Sponsor Finance Group, Byline Bank