NEWS RELEASE
FOR IMMEDIATE RELEASE
August 23, 2018
Byline Sponsor Finance Group supports New Water Capital’s investment in frozen food sector
Byline Bank’s Sponsor Finance Group (“BSFG“), the cash flow lending division of Chicago-based Byline Bank, announced that it has provided revolver and term credit facilities to finance New Water Capital’s (“New Water”) majority equity investment in an undisclosed frozen food company. BSFG was represented by Duane Morris LLP.
“We are excited to partner with New Water Capital on their recent investment. They have strong industry experience and focus on consumer products and this investment in frozen food fits well within that effort. The frozen food isle has changed significantly over the last 5-10 years and this company is well positioned to continue to be an industry leader and take advantage of those tailwinds” said Dan Delgadillo, Senior Vice President of Byline Sponsor Finance Group.
About Byline Sponsor Finance Group
Byline Sponsor Finance Group, headquartered in Chicago, IL, with an additional office in Atlanta, GA, 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 has approximately $4.8 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 New Water Capital
New Water Capital, L.P. is a private equity firm focused on lower-middle market companies in transition, in the consumer, retail and industrial manufacturing and services sectors, with revenues of $30 million to $300 million. New Water Capital’s collaborative transaction and operating model is built specifically to support companies in transition, building on their unique cultures and strengths. For more information, please visit www.newwatercap.com.
For more information please contact:
Dan Delgadillo, SVP
Sponsor Finance Group, Byline Bank
[email protected]
(404) 551-5193
Jim Kuncl, SVP
Group Head, Sponsor Finance Group, Byline Bank
[email protected]
(312) 660-5751
