Sign up for free newsletter

 

Wheel

CIT provides financing to Audax Group to acquire Wheel Pros

CIT Group acted as administrative agent, joint lead arranger and joint bookrunner for credit facilities supporting Audax Private Equity, a middle market private equity firm, in its acquisition of Wheel Pros.

Financing was provided by CIT Bank, the US commercial bank subsidiary of CIT. Terms of the transaction were not disclosed.
 
“Having completed nine transactions with Audax in the last 18 months, we are pleased to provide this financing and support Audax in its acquisition of Wheel Pros,” says Tom Hobbis, co-head and managing director, CIT Sponsor Finance. “We are excited about the opportunities to continue to partner with Audax in the future.”
 
Jay Baldinelli, managing director, CIT Sponsor Finance, says: “Wheel Pros’ strong market position is built on its ownership and management of industry leading brands. The acquisition of Wheel Pros is a great addition to Audax’s portfolio of growth companies.”


Subscribe to free daily newsletter
MediaWatch WA awards 2015

See interviews and presentation at the Wealth Adviser 2015 awards ceremony, held at Sketch, Mayfair on the 15th May .... »

latestjobs
Investment Banking Associate (Consumer)

Fri, 31 Jul 2015 00:00:00 GMT

Investment Banking M&A Associate

Fri, 31 Jul 2015 00:00:00 GMT

Lead Mobile Engineer – Mobile App Development

Fri, 31 Jul 2015 00:00:00 GMT

events
3 weeks 1 day from now - New York
4 weeks 2 days from now - Texas
5 weeks 3 days from now - New York
5 weeks 4 days from now - New York
specialreports