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.
