Business Description:
Aleritas Capital, formerly known as Brooke Credit, is a specialty
finance company that originates loans to independent and certain
captive insurance agencies, managing general agencies and funeral
home owners. The company is based in Overland Park, KS.
Falcon Solution:
The company had a complex capital structure consisting of numerous
securitizations and various funding sources. Falcon structured
its investment to be secured by first and second liens on various
distinct pools of assets, creating for the company the liquidity
needed to finance its rapid growth. Falcon structured and led the
investment of the senior secured notes with warrants.
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Industry:
Specialty finance
Sponsor:
Management
Securities:
Senior secured notes with warrants
Financing Challenge:
Complex capital structure involving numerous securitizations and capital sources
Exit Date:
March 2008
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