SAN JOSE, Calif.--(BUSINESS WIRE)--
Avidbank Specialty Finance, a Division of Avidbank that specializes in
technology, sponsor finance and asset-based lending, has provided Calyx
Capital Partners with a combination of credit facilities to support an
acquisition and to provide working capital.
Based in Chicago, Calyx Capital Partners was issued an AR line of credit
and a senior term-loan to support the acquisition and provide ongoing
working capital for the business post-close.
“Calyx Capital Partners is a perfect fit for our Specialty Finance
business model,” said Larry LaCroix, Executive Vice President and Head
of Avidbank’s Specialty Finance Division. “We are able to support Calyx
Capital as they help build sustained growth for their newly acquired
business.”
“Avidbank was competitive, responsive, and flexible during the
negotiation and closing process to be able to get the deal over the
finish line,” said Jessica Markowitz, Co-founder & Principal, Calyx
Capital Partners.
About Avidbank
Avidbank Holdings, Inc. (OTC Pink: AVBH), headquartered in San Jose,
California, offers innovative financial solutions and services. We
specialize in commercial & industrial lending, technology and
asset-based lending, sponsor finance, real estate construction and
commercial real estate lending. Avidbank provides a different approach
to banking. We do what we say.
About Calyx Capital Partners
Calyx Capital Partners is an entrepreneurial investment firm formed
to acquire and manage a single privately-held business. The Calyx team
is comprised of experienced entrepreneurs, operators, and investors with
a dedicated focus on creating long-term value through hands-on active
management.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181213005150/en/
Steve Leen, Chief Financial Officer
(408) 831-5653
www.avidbank.com
Source: Avidbank Holdings, Inc.