FirePower to boost lending capacity in $100 mln JV with Arena
FirePower Capital has entered into a $100 million joint venture that will expand its debt-financing horizon, according to a news release. The Toronto firm said Friday it formed a JV with Arena Investors, a New York investor and merchant-capital provider. The partnership will enable FirePower to increase credit available to Canadian mid-market companies to a range of $1 million to $20 million. FirePower, which offers first-lien, unitranche, second-lien, mezzanine and venture loans through its Gap Debt fund, is especially active in Canadian technology sectors.
1 October 2018•2 mins read
