Flock Financial, LLC Recapitalizes With $25 Million Investment; Retains and Adds to Leadership Team
Flock Financial, LLC Recapitalizes With $25 Million Investment; Retains and Adds to Leadership Team
ATLANTA, May 6, 2024 /PRNewswire/ -- Flock Financial, LLC, ("Flock" or the "Company"), a leading financing partner to middle market receivables management and consumer finance companies active in the purchase, sale, and collection of performing and nonperforming receivable assets, announced today that various investment funds affiliated with PennantPark Investment Advisers, LLC ("PennantPark") have invested $25 million in the Company. Flock's existing lenders have also reaffirmed their commitment to the business by providing additional borrowing flexibility and extending maturity.
亞特蘭大，2024年5月6日 /PRNewswire/ — Flock Financial, LLC（“Flock” 或 “公司”）是活躍於收購、出售和收回履約和不良應收賬款資產的中間市場應收賬款管理和消費金融公司的主要融資合作伙伴，今天宣佈，隸屬於PennantPark Investment Advisers, LLC（“PennantPark”）的各種投資基金已向該公司投資了2500萬美元。弗洛克的現有貸款機構還通過提供額外的借貸靈活性和延長到期日來重申了對該業務的承諾。
As part of the transaction, PennantPark retained and added key leadership personnel to manage the strategic and operational efforts of Flock. The executive team leading Flock now includes Damon W. Edmondson as Chief Investment Officer, Greg Paulo as Chief Revenue Officer, and Jeff Shaver as Chief Financial Officer. Flock's founder, Michael Flock, has transitioned to the role of Non-Executive Chairman.
作爲交易的一部分，PennantPark保留並增加了關鍵領導人員，以管理Flock的戰略和運營工作。領導弗洛克的高管團隊現在包括擔任首席投資官的達蒙·埃德蒙森、擔任首席營收官的格雷格·保羅和擔任首席財務官的傑夫·沙弗。弗洛克的創始人邁克爾·弗洛克已轉任非執行董事長。
The partnership with PennantPark aims to fortify the Company's position as a premier provider of funding to middle market receivables management and consumer finance firms. With the closing of the transaction, Flock re-hired Damon Edmondson to complement the existing leadership team of Mr. Paulo and Mr. Shaver. Mr. Edmondson's inclusion in the leadership group will significantly bolster the Company's risk management protocols and investment process among other enhancements.
與PennantPark的合作旨在鞏固公司作爲中間市場應收賬款管理和消費金融公司主要融資提供商的地位。交易完成後，弗洛克重新聘請了達蒙·埃德蒙森來補充保羅先生和沙弗先生的現有領導團隊。埃德蒙森先生加入領導小組將極大地加強公司的風險管理協議和投資流程以及其他方面的改進。
"I am excited to re-join Flock and look forward to continuing our commitment to innovate and deliver customized solutions to our current and new clients and delivering on our promises to our investors," Edmondson said. "Our new partnership with PennantPark gives us the capacity to grow and provide collaborative solutions to the receivables management and consumer finance markets. With debt prices seeing a realignment and increasing consumer debt becoming available to our clients, we are excited about the opportunities this affords us."
埃德蒙森說：“我很高興能重新加入Flock，並期待繼續致力於創新，爲我們的現有和新客戶提供定製的解決方案，並兌現我們對投資者的承諾。”“我們與PennantPark的新合作伙伴關係使我們有能力發展併爲應收賬款管理和消費金融市場提供協作解決方案。隨着債務價格的調整以及向客戶提供的消費者債務不斷增加，我們對這爲我們帶來的機會感到興奮。”
The recent recapitalization provides Flock with substantial capital and expanded funding capacity, strategically positioning the business to bolster both existing partnerships and cultivate new ones. The timing of the transaction will allow the Company to capitalize on improving market conditions.
最近的資本重組爲Flock提供了大量資本和擴大的融資能力，對業務進行了戰略定位，以加強現有合作伙伴關係並培育新的合作伙伴關係。交易的時機將使公司能夠從改善的市場條件中獲利。
"We are very pleased to partner with Flock and the management team to support the growth and expansion of the Flock platform," said Ryan Raskopf, Partner at PennantPark. He added "We believe the Company is well positioned to capitalize on an attractive market environment and has significant opportunities for growth given its reputation and unparalleled service to its clients."
PennantPark合夥人瑞安·拉斯科普夫表示：“我們很高興與Flock和管理團隊合作，爲Flock平台的增長和擴張提供支持。”他補充說：“我們相信，鑑於其聲譽和爲客戶提供的無與倫比的服務，公司完全有能力利用有吸引力的市場環境，並擁有巨大的增長機會。”
"With this injection of growth capital, Flock will be an even stronger player in the financing of receivables," Paulo said. "I believe we are well positioned to take advantage of anticipated trends in demographics, and the changing economy. These changes include consumer revolving credit at an all-time high of over $1.5 trillion and delinquencies at their highest rate in almost 4 years."
保羅說：“通過這種增長資本的注入，弗洛克將在應收賬款融資方面成爲更強大的參與者。”“我相信我們完全有能力利用人口和不斷變化的經濟的預期趨勢。這些變化包括消費者循環信貸創歷史新高，超過1.5萬億美元，拖欠率達到近4年來的最高水平。”
"I am energized and truly appreciate the opportunity to work with the PennantPark team," Jeff Shaver states, adding, "The financial strength, market reputation, and industry expertise that is inherent with their investment provides stability and a greater sense of confidence at this critical time for the business. The new capital allows the business to deleverage the balance sheet, increase liquidity and borrowing capacity, and ultimately allows Flock to pursue our growth and value creating initiatives."
傑夫·沙弗說：“我充滿活力，非常感謝有機會與PennantPark團隊合作，” 他補充說，“在這個關鍵時刻，他們的投資固有的財務實力、市場聲譽和行業專業知識爲企業提供了穩定性和更大的信心。新資本使企業能夠去槓桿化資產負債表，增加流動性和借貸能力，最終使Flock能夠推行我們的增長和價值創造計劃。”
About Flock Financial, LLC
關於弗洛克金融有限責任公司
Headquartered in Atlanta, Georgia and founded in 2013, Flock is a market-leading provider of bespoke capital solutions to middle market receivables management and consumer finance companies that are engaged in the purchase, sale, and collection of performing and nonperforming receivables. Flock has built a comprehensive platform that offers clients a unique partnership with a market-leading underwriting and structuring, valuation and analytics, and thought leadership firm. Flock has funded over $768 million in purchase value representing $31 billion in account balances since inception. Flock's expertise is valued across the receivables management financing industry.
Flock總部位於佐治亞州亞特蘭大，成立於2013年，是市場領先的定製資本解決方案提供商，爲從事購買、出售和收取履約和不良應收賬款的中間市場應收賬款管理和消費金融公司提供定製資本解決方案。Flock建立了一個綜合平台，爲客戶提供與市場領先的承保和結構、估值和分析以及思想領導力公司的獨特合作伙伴關係。自成立以來，Flock已籌集了超過7.68億美元的收購價值，相當於310億美元的賬戶餘額。Flock的專業知識在應收賬款管理融資行業中受到重視。
For more information visit . For questions, please email [email protected].
欲了解更多信息，請訪問。如有問題，請發送電子郵件至 [email protected]。
About PennantPark Investment Advisers
PennantPark投資顧問公司簡介
PennantPark Investment Advisers, LLC ("PennantPark") is a leading middle market investment platform, which today has more than $7.2 billion of assets under management. Since its inception in 2007, PennantPark has provided investors access to middle market investment offerings by private equity firms and their portfolio companies as well as other middle-market companies. PennantPark provides a comprehensive range of creative and flexible capital solutions. PennantPark is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles, and Amsterdam. For more information visit .
PennantPark Investment Advisers, LLC（“PennantPark”）是一家領先的中間市場投資平台，如今管理的資產超過72億美元。自2007年成立以來，PennantPark爲投資者提供了獲得私募股權公司及其投資組合公司以及其他中間市場公司提供的中間市場投資產品的機會。PennantPark提供全面的創新和靈活的資本解決方案。PennantPark總部位於邁阿密，在紐約、芝加哥、休斯頓、洛杉磯和阿姆斯特丹設有辦事處。欲了解更多信息，請訪問 。
Media Contact:
Greg Paulo
Flock Specialty Finance
[email protected]
404-242-5707
媒體聯繫人：
格雷格保羅
Flock 專業金融
[電子郵件保護]
404-242-5707
SOURCE FLOCK Specialty Finance
來源 FLOCK 專業金融
譯文內容由第三人軟體翻譯。