GREENWICH, Conn.--()--Panamax Capital of Greenwich, Conn., DPG Investments, LLC, of Scottsdale, Ariz., and affiliates announced today a successful closing of a $12.5 million financing for Dealer Funding of Atlanta.
“Dealer Funding’s management and their vision and mission are exemplary, and we stand ready to continue to work with them in the future.”
Dealer Funding is an innovative, specialty finance credit platform with a long track record of consistently generating above-market returns on capital. Dealer Funding provides financing and servicing extensively in the southeastern United States in the subprime auto finance industry. The company will use the capital to grow its business.
“Dealer Funding has a dynamic credit-related business, proven track record of performance, strong management and significant opportunities for long-term growth,” said Dan Galvanoni, chairman of DPG Investments.
Tom Blinten, Panamax’s CEO, and Frank Byrne, a member of Panamax’s Global Board of Advisors, were critical to the successful financing. Tom Blinten indicated that “Dealer Funding’s management and their vision and mission are exemplary, and we stand ready to continue to work with them in the future.” The private placement was processed by Panamax’s affiliated broker dealer, Omnicap, LLC.
Panamax Capital and DPG, in a joint partnership, have already secured approximately $300 million in private financing commitments as principals and advisers for niche specialty finance companies scheduled to close in the first half of 2013.
About Panamax: Panamax is a private, global merchant bank providing capital markets, M&A, and principal finance services to clients in the Americas and Asia. The firm has extensive experience in the agriculture, chemicals, consumer, energy, finance, manufacturing, metals and mining, and real estate sectors.
About DPG: DPG Investments and affiliates provide global alternative investment management and advisory services. With offices in Arizona, California and Georgia, DPG specializes in the allocation of capital across various asset classes on behalf of its select ultra-high net worth family offices and institutional private equity managers. DPG's current focus in the alternative investment sector includes real estate lending and acquisition, renewable energy and natural resources, corporate private equity, asset management, fund-to-fund advisory and venture capital. Through its solid platform and disciplined approach, DPG maintains a predominant foothold in the capital markets, trafficking significant and high-quality opportunities on a consistent basis.
The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements.