Dec 1, 2015

Auction Credit Enterprises on a Junior Debt Financing

Headwaters MB, now Capstone Partners, advised Auction Credit Enterprises (ACE), a leading specialty finance company, on a second-lien term loan financing with a Midwest-based institutional lender.

Through branch offices located in Texas, Georgia, and Pennsylvania, ACE provides short-term, inventory-secured floorplan loans to qualified independent used vehicle dealers to finance their acquisition of vehicles for subsequent resale to consumers.

The ACE debt capital raise significantly strengthens the Company’s balance sheet and also provides the needed growth capital to open several new branch offices throughout the country. We are excited to have played a role in the exciting Auction Credit growth story.

Kent BrownManaging Director, Capstone

Headwaters MB acted as exclusive financial advisor to ACE.