Wheels Donlen Launches New Equipment Finance Platform Capteris Capital
September 21 2022 - 11:00AM
Wheels Donlen, a premier fleet financing company backed by Apollo
(NYSE:APO), announced the launch of a new equipment finance
business that will be focused on providing dynamic funding
solutions to the mid-market, large corporate, and financial sponsor
segments.
Capteris will provide flexible financing and customized services
as they launch with a full suite of products including operating
and capital leases, fixed and floating rate loans, refinancing,
sale leasebacks, as well as other value-added services. Capteris
has a strong ownership commitment and a coordinated coverage model
around key markets, such as leveraging MidCap Financial’s presence
in the mid-market and financial sponsor segment.
Capteris President, Eric Dusch, adds “The equipment finance
industry has been very competitive over the last several years
given high demand, low losses, and favorable rate environment.
Given current economic pressures, both companies and lessors are
facing market challenges for the first time in many years. We see
this as a tremendous time to enter the market given our unique
positioning as an independent financial institution with the
ability and appetite to serve a broad spectrum of industries,
collateral types, and credit profiles.”
Capteris leadership has assembled a team with a wealth of deep
industry expertise – experienced equipment financial professionals
who understand a wide array of industry needs and asset types with
the ability to tailor client solutions to meet a variety of
financial, strategic and competitive goals.
Building upon the best-in-class customer focus and ethos for
which Wheels Donlen is well known, Capteris is committed to a
top-notch client experience with flexible structures, timely
approvals and certainty of execution.
Wheels Donlen’s CEO, Shlomo Crandus said, “With Capteris, we
have the opportunity to better serve our existing client base while
at the same time expanding into new markets. We are excited to
launch this business and believe the collaboration among Wheels
Donlen, MidCap, and Capteris will be a true differentiator in the
market.”
For additional information, please visit
www.capteriscapital.com.
About Wheels DonlenSince the 2021 announcement
of their merger within Athene, Wheels Donlen has emerged
as one of the most innovative companies in the fleet management
industry. Blending two like-minded corporate cultures, each with an
emphasis on client-focused service, the new organization honors the
legacy of each entity while combining their strengths to build a
powerful mobility solutions provider with $5 billion in assets, a
broad product range and a highly diversified customer base. With
140+ years of collective fleet industry experience, Wheels Donlen
has more than 1,000 clients in North America. For additional
information, please visit www.wheelsdonlen.com.
About ApolloApollo is a high-growth, global
alternative asset manager. In our asset management business, we
seek to provide our clients excess return at every point along the
risk-reward spectrum from investment grade to private equity with a
focus on three investing strategies: yield, hybrid, and equity. For
more than three decades, our investing expertise across our fully
integrated platform has served the financial return needs of our
clients and provided businesses with innovative capital solutions
for growth. Through Athene, our retirement services business, we
specialize in helping clients achieve financial security by
providing a suite of retirement savings products and acting as a
solutions provider to institutions. Our patient, creative, and
knowledgeable approach to investing aligns our clients, businesses
we invest in, our employees, and the communities we impact, to
expand opportunity and achieve positive outcomes. As of June
30, 2022, Apollo had approximately $515 billion of assets
under management. To learn more, please
visit www.apollo.com.
About MidCapMidCap Financial is a middle-market
focused, specialty finance firm that provides senior debt solutions
to companies across all industries. As of June 30, 2022,
MidCap Financial provides administrative or other services for over
$42.1 billion of commitments. MidCap Financial is managed
by Apollo Capital Management, L.P., a subsidiary of Apollo
Global Management, Inc, pursuant to an investment management
agreement. Apollo had assets under management of approximately
$515 billion as of June 30, 2022 in credit,
private equity, and real assets funds. For more
information about MidCap Financial, please
visit http://www.midcapfinancial.com.
CONTACTS: |
Kevin
Riley |
Joanna
Rose |
Vice President, Marketing |
Global Head of Corporate Communications |
Capteris/Wheels Donlen |
Apollo Global Management, Inc. |
(312) 961 9102 |
(212) 822 0491 |
kriley@donlen.com |
Communications@apollo.com |
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