WhiteHorse Capital Provided a Senior Secured Term Loan to The Starco Group
CHICAGO – January 31, 2020 – WhiteHorse Capital, the direct lending affiliate of H.I.G. Capital, a leading global private equity and alternative assets investment firm with over $35 billion of equity capital under management, announced today that it has provided a new senior secured term loan facility to The Starco Group. The Starco Group is a diversified manufacturer of consumer & industrial chemical and aerosol products in the United States.
“The WhiteHorse Capital team was an excellent financial partner throughout the transaction and we look forward to building upon our strong relationship,” says Ross Sklar, Founder and CEO of The Starco Group.
John Yeager, Managing Director at WhiteHorse Capital, added, “We are excited to partner with The Starco Group and we look forward to further supporting the Company and management team as they continue to execute on their strategic growth initiatives.”
About The Starco Group
Founded in 1997 and headquartered in Vernon, CA, the Company is a diversified developer and manufacturer of consumer & industrial aerosols and liquid products in the United States. The Company manufactures thousands of aerosol, trigger sprays, and liquid fill private label and branded products. The Company currently operates several manufacturing facilities across the United States.
About WhiteHorse Capital
WhiteHorse is the direct lending affiliate of H.I.G. Capital, a leading global private equity and alternative assets investment firm with over $35 billion of equity capital under management.* WhiteHorse provides debt financing to middle market companies across a broad range of industries, including business services, manufacturing, healthcare, retail, food/agriculture, and specialty finance. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long term relationship oriented portfolio management philosophy.
* Based on total capital commitments managed by H.I.G. Capital and affiliates.