Sponsor in need of a flexible capital partner to provide junior capital in support of a refinancing and growth
The Company is the largest non-standard auto (“NSA”) insurance broker in the United States. The Company also provides managing general agent services.
Falcon anchored a convertible preferred equity security investment, which, alongside new senior debt, refinanced existing securities and provided growth and working capital. Falcon’s industry knowledge and relationship with the sponsor enabled Falcon to serve as “club lead” and provide a flexible junior capital solution under a tight timeframe.