Associated tags: Assets under management, Finance, Professional Services, Dura Automotive Systems, Aluminium, Middleground, Financial services, NYSE, Dura, Original equipment manufacturer, General Automotive, Vibration, LP, Noise, Benteler International, Safety, Rail transport, Toyota, ADAS, Benteler
General Automotive,
Professional Services,
Automotive,
Finance,
Tier,
Iron Stone Strategic Capital Partners,
Dura Automotive Systems,
Solution,
Foundation,
Aluminium,
Middleground,
Insurance,
Electric vehicle,
OWL,
BEV,
Sounding Point,
Investment,
Dura,
Original equipment manufacturer,
Assets under management,
Growth,
M&A,
NYSE,
Pension,
Bank,
Financial services Sound Point Capital Management (Sound Point) is pleased to announce that it provided an Accounts Receivable Facility for Dura Automotive (Dura or the Company), a global designer and manufacturer of highly engineered automotive systems and portfolio company of MiddleGround Capital (MiddleGround or the Sponsor).
Key Points:
- Sound Point Capital Management (Sound Point) is pleased to announce that it provided an Accounts Receivable Facility for Dura Automotive (Dura or the Company), a global designer and manufacturer of highly engineered automotive systems and portfolio company of MiddleGround Capital (MiddleGround or the Sponsor).
- The Strategic Capital team at Sound Point partners with sponsors and management teams to provide debt capital for a variety of uses, including M&A, working capital, and owner distributions.
- About Sound Point Capital Management, LP
Sound Point is an alternative asset management firm founded in 2008 with particular expertise in credit strategies.
- Five principals of Stone Point Capital LLC, as well as Dyal Capital Partners, a division of Blue Owl Capital Inc. [NYSE: OWL], are strategic investors in our business.
Banking,
Professional Services,
Automotive Manufacturing,
Finance,
Worthington Industries,
Alloy,
Assets under management,
Efficiency,
Magnesium,
Solution,
Dura Automotive Systems,
Dura,
Original equipment manufacturer,
Engineering,
Welding,
ADAS,
Aluminium,
WOR,
Vibration,
Ownership,
LP,
Industry,
Noise,
Acquisition,
Benteler International,
Safety,
Investment,
NYSE,
Toyota,
Middleground,
Financial services,
Rail transport,
Benteler,
Shiloh Industries, Inc.,
Dura Automotive,
MiddleGround Capital,
BENTELER,
SHILOH INDUSTRIES, INC.,
DURA AUTOMOTIVE,
MIDDLEGROUND CAPITAL MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is excited to announce the acquisition of two automotive facilities from Benteler International (Benteler) by its portfolio company Shiloh Industries (Shiloh).
Key Points:
- MiddleGround Capital, an operationally focused private equity firm that makes control investments in North American middle market B2B industrial and specialty distribution companies, is excited to announce the acquisition of two automotive facilities from Benteler International (Benteler) by its portfolio company Shiloh Industries (Shiloh).
- The transaction included four facilities with locations in Bowling Green, Kentucky; Canton, Michigan; and two in Valley City, Ohio.
- We look forward to working with the teams at these facilities to further support our investment in the Dura / Shiloh platforms.
- Benteler is a global, family-owned company serving customers in automotive technology, the energy sector and mechanical engineering.
