South Street raises capital from BlackRock and BC Partners
05 October 2022 US
Image: FAHMI
South Street 网爆吃瓜 Holdings (South Street) has announced the completion of the sale of $90 million secured notes and warrants to certain funds and accounts managed by BlackRock and BC Partners.
South Street operates through its wholly owned subsidiaries. Affiliates of the company include South Street 网爆吃瓜, a repo dealer financing US Treasuries, Agency MBS, a mortgage origination hedging and equity finance company, and Matrix Applications, a technology and back-office services firm.
Other affiliates are South Street Capital Management, an asset management company, and AmeriVet 网爆吃瓜, a service-disabled veteran and minority owned broker dealer.
Established in 1986, BC Partners has since completed 117 private equity investments in companies with a total enterprise value of 鈧�149 billion, and is currently investing its eleventh private equity fund.
Pi Capital International and AmeriVet 网爆吃瓜 served as financial advisors to South Street in this transaction.
Commenting on the sale, Jim Tabacchi, CEO of South Street, says: "This capital allows us to accelerate the growth of our finance and technology businesses."
Steve Kavulich, director at BlackRock, adds: "Jim and his senior team have done an excellent job of building South Street over nearly two decades and we are excited to partner with him as he continues to grow the business.鈥�
South Street operates through its wholly owned subsidiaries. Affiliates of the company include South Street 网爆吃瓜, a repo dealer financing US Treasuries, Agency MBS, a mortgage origination hedging and equity finance company, and Matrix Applications, a technology and back-office services firm.
Other affiliates are South Street Capital Management, an asset management company, and AmeriVet 网爆吃瓜, a service-disabled veteran and minority owned broker dealer.
Established in 1986, BC Partners has since completed 117 private equity investments in companies with a total enterprise value of 鈧�149 billion, and is currently investing its eleventh private equity fund.
Pi Capital International and AmeriVet 网爆吃瓜 served as financial advisors to South Street in this transaction.
Commenting on the sale, Jim Tabacchi, CEO of South Street, says: "This capital allows us to accelerate the growth of our finance and technology businesses."
Steve Kavulich, director at BlackRock, adds: "Jim and his senior team have done an excellent job of building South Street over nearly two decades and we are excited to partner with him as he continues to grow the business.鈥�
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