Byline Sponsor Finance supports Lometa Capital Partners and management in the closing of a strategic growth investment in Applied Business Software
Byline Sponsor Finance (“BSF“) announced that it has provided senior capital in support of Lometa Capital Partners (“Lometa”) and management in their investment in Applied Business Software (“ABS”). Headquartered in Long Beach, CA, ABS is a market leader and global supplier of loan origination and servicing software for private lending institutions, nonprofit organizations, municipalities, and consumer lenders. Aldine Capital Partners also provided capital in support of the transaction. BSF was represented by Duane Morris, LLP.
“With a 40+ year history and a strong management team, ABS delivers a complete suite of proprietary software products designed from the ground up to specifically address the needs of those who originate and service loans. We are very pleased to be able to support Lometa and management in the company’s next phase of growth,” said Jim Kuncl, Managing Director and Co-Head of Byline Sponsor Finance.
About Byline Sponsor Finance
Byline Sponsor Finance, with offices in Chicago, IL and Charlotte, NC provides senior secured cash flow loans to private equity backed lower middle market companies throughout the United States. BSF 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/commercial/sponsor-finance/.
About Lometa Capital Partners
Lometa Capital is a multi-family office enabling industry leaders to pool both their capital and their networks to source and add value to private investment opportunities without a hold period constraint. Lometa has a flexible mandate across growth markets, but primarily targets recapitalizations in rapidly growing services companies. For more information, please visit: www.lometacapital.com.
About Aldine Capital Partners
Aldine Capital Partners is a private investment firm, which provides mezzanine and junior capital financing to lower middle-market companies. Aldine typically invests $2 – $15 million per transaction in a combination of subordinated debt and minority equity. Collaborating with traditional and independent sponsors as well as talented management teams, Aldine deploys capital to facilitate growth, support acquisitions/buyouts, or provide shareholder liquidity. For more information, visit: www.aldinecapital.com.
For more information please contact:
Jim Kuncl, Managing Director
Co- Head, Byline Sponsor Finance
Dan Delgadillo, Managing Director
Co-Head, Byline Sponsor Finance