July 2018

Stonegate Capital Closes
on Revolver for CSI

Stonegate Capital has closed on a $7MM revolving facility for Catastrophe Solutions International, (“CSI”), a global leader in automobile catastrophe appraisals and repairs.  CSI primarily operates in the automotive hail damage industry to provide paintless dent removal services to insurance companies, automotive dealerships and body shops. CSI is majority owned by the Chicago based private investment firm, Concentric Equity Partners, who engaged Rush Street Capital to advise them on the debt raise. Stonegate Capital put in place a flexible facility to help support CSI’s seasonal and international operations.  With the committed backing by both management and Concentric, Stonegate Capital is extremely excited to work with the Company’s dedicated team as they successfully execute their expansion plans.  


June 2018

Stonegate Capital Promotes Ryan Woody and Announces New Team Members:

Stonegate Capital is pleased to announce that Ryan Woody has been promoted to Managing Director, Credit and Operations, in the Chicago office. “Since joining us a little over a year ago, Ryan has been instrumental in helping to build out our operational and credit functions, and we are excited to have him support our ever-growing portfolio,” said Darren Latimer, CEO. Ryan began his commercial lending career in 2002 at GE Capital, and has also held various credit and operational roles at Wintrust, Bridge Finance Group, Gibraltar Business Capital, and Wells Fargo.  Ryan’s extensive experience spans a broad range of commercial debt products including asset based, cash flow, health care, factoring, and rediscount. At Stonegate, he will be responsible for managing credit, collateral monitoring, loan accounting, and treasury.

Stonegate has also added two new team members to its Chicago office. Dan McCallum joins Stonegate’s Underwriting and Credit Team as a Director. Dan will leverage his years of underwriting experience to help lead and execute deal closings across all three of Stonegate’s investment platforms. Karen Szafraniec joins the Credit and Operations team as a Vice President. Karen, an industry veteran with over 18 years of experience, will be an immediate asset to the back office support team for Stonegate. Tony Cappell, Head of Underwriting, noted: “Both Dan and Karen are tremendous additions to our team, and they will both be instantly valuable in support of the significant growth we are experiencing in our lending platform.” 


May 2018

Stonegate Capital has closed on a senior secured debt facility, consisting of a revolver and stretch term loan, for Zoom Media Group, Inc., the leading media and marketing company focused on fitness and health club venues in the U.S., Canada and United Kingdom. 

Zoom approached Stonegate in December 2017 with a targeted goal of expanding its credit facility to support its continued growth. “After meeting with Brian Lindy, CFO, and the rest of the Zoom management team, we were extremely excited to customize a multi-jurisdictional debt facility that would support their goals.  They are undoubtedly a best in class team delivering preeminent advertising content to the fitness industry, and we are looking forward to our partnership going forward,” said Jay Fabian, Director, who led the Originations team for Stonegate.

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April 2018

Stonegate Capital hires Heather LaFreniere to drive Emerging Markets
and Technology growth strategy.

Stonegate Capital is pleased to announce that it has hired Heather LaFreniere as a Managing Director in its Chicago office. Heather will be focused on growing Stonegate's strategy into the Emerging Brands and Technology markets. A 25 year industry veteran, Heather brings a wealth of industry knowledge to her position at Stonegate.  “We are ecstatic to have Heather join our team. She perfectly embodies the culture and drive we are employing at Stonegate, and her longstanding career in creative debt originations, most recently in the technology market, will be an immediate contributor to the growth we continue to experience in our business," said Darren Latimer, CEO.   

Stonegate invests in the three niches of i) asset based, ii) high-growth consumer products and emerging brands, and iii) recurring revenue software.  Heather's expansive credit experience, as well as her connectivity to the high growth software market, will immediately be additive to Stonegate's business development efforts across all three platforms. 

Before joining Stonegate, Heather spent her career in asset-based finance at Wells Fargo, Castle Pines Capital, Gibraltar Business Capital, and most recently in the Technology Banking Group of Silicon Valley Bank. 

“I am extremely happy to join the Stonegate team,” said Heather. “There is significant opportunity in the better-for-you food and beverage space today given the shift in consumer eating habits. The software industry remains vibrant as well.  Stonegate’s credit platform is well-suited to serve high growth companies in both sectors and I’m very excited to deliver it.”

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February 2018

Stonegate Capital hires Garett Figueroa to drive private equity business development efforts:

Stonegate Capital is pleased to announce that it has hired Garett Figueroa as a Vice President in its Chicago office.   “At Stonegate we pride ourselves on bringing debt structuring sophistication to the lower middle market,” said Andrea Hedrick, Stonegate’s Head of Originations, “and Garett's originations background both in the UK and here in the states aligns perfectly with our goal of becoming the go-to lender for the sponsor backed market." 

Stonegate is seeing significant activity in its three investment niches of i) asset based, ii) high-growth consumer product, and iii) recurring revenue software. Garett’s credit experience and his connectivity to the private equity market will immediately be additive to business development efforts. He will be responsible for sourcing senior debt facilities ranging from $2-$15 million within the private equity community across Stonegate’s nationwide footprint, and will instantly be a huge asset to the Stonegate team.  

Before joining Stonegate, Garett spent the past seven years at PNC’s Asset Based Lending group, leading due diligence engagements of prospective middle market and large corporate borrowers, most recently in the private equity coverage group. Garett holds a BS in Business Administration & Management from the University of Southern California’s Marshall School of Business. 

“I am extremely excited to join the Stonegate team,” said Figueroa. “The momentum they are experiencing in their business is tremendous, and I’m looking forward to contributing to the growth and success of their investment platform going forward.”


August 2017

Stonegate Capital is pleased to announce it has closed on the following investment in August.

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August 2017

Stonegate Capital is pleased to announce it has closed on the following investment in August.

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May 2017

Stonegate has closed on a senior secured credit facility for the privately-owned menswear brand, Mack Weldon.

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May 2017

Stonegate has closed on a $6.5MM loan for Orchid Monroe, a manufacturer of electric motor, generator and power transformer components and assemblies.

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April 2017

Stonegate Capital is pleased to announce it has closed on the following investment for the private equity-owned, I and Love and You.

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February 2017

Stonegate Capital is pleased to announce it has closed on the following investment in January.

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January 26, 2017

Not Your Father's ABL: Stonegate Capital
Targets PE-Backed Businesses.

Former Gibraltar Capital co-founder and CEO and Wells Fargo Capital Finance veteran Darren Latimer launched Stonegate Capital Holdings this year with the intention of bringing improved products primarily to private equity-backed businesses in the lower-middle market. Latimer catches up with ABF Journal to discuss Stonegate’s all-star team and its creative and opportunistic strategy.

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January 26, 2017

Stonegate Capital – Top 10 Asset-Based Finance
News Stories of 2016.

Stonegate Capital is top on the list of stories that sparked the most interest in the asset-based finance industry in 2016.

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November 2016

Stonegate Capital is pleased to announce it has closed on the following two investments in November.

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October 2016

Shortly after launching its new fund, Stonegate Capital is pleased to announce it has closed on the following two investments in October.

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September 2016

Stonegate Capital – Creative, Opportunistic
and Ready to Shine.

In mid-September, commercial finance professionals learned that industry veterans led by Darren Latimer launched Chicago-based Stonegate Capital, a diversified specialty finance company. Industry readers no doubt remember Latimer from his days at Gibraltar Business Capital and Wells Fargo Foothill. Today, backed by Chicago-based Bridge Investments, Stonegate’s board includes Peter Schwab, former Chairman and CEO of Wells Fargo Capital Finance and Bob Goldberg, founding partner of the law firm Goldberg Kohn.

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September 2016

Industry Veterans Launch Stonegate Capital
Backed by Bridge Investments.

Stonegate Capital, a diversified specialty finance company that provides $1 million to $10.0 million collateral-backed loans to established lower middle-market enterprises and emerging brands, announced that it has closed on a significant equity investment lead by Bridge Investments, a private equity firm based in Chicago, and New York-based MBB, LLC.  

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September 2016

Former Gibraltar CEO Launches
Stonegate Capital.

Former Gibraltar Capital CEO Darren Latimer launched Stonegate Capital Holdings to provide $1 million to $10 million asset-backed loans to established lower middle market enterprises and emerging brands.

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