Wingspire issues more than $130M to PE-backed companies

Wingspire Equipment Finance has provided more than $130 million in financing to six companies backed by a global private-equity sponsor.

The financing supports companies spanning energy, healthcare and aerospace businesses, all of which face tight project schedules and significant capital needs, according to a Wingspire release today. One transaction exceeded $40 million, reflecting a growing appetite among private-equity owners for lenders able to execute larger, multi-asset packages.

“Private equity sponsors need a financing partner who can align with them on how they think about risk, returns and execution,” Jason Alves, senior vice president of private equity at Wingspire Equipment Finance, stated in the release. “We see a clear opportunity to expand our relationships with private equity firms that rely on a capital partner with the scale and expertise to support complex multi-asset equipment acquisitions.”

Tustin, Calif.-based Wingspire’s approach to coordinate with both sponsor and portfolio companies has helped streamline underwriting and documentation across multiple platforms, reducing friction for repeat borrowers and accelerating deals, the release states.