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Crestline Direct Lending provides growth financing to Schweiger Dermatology Group

Crestline Direct Lending, a part of the opportunistic investment group of Crestline Investors (Crestline), has closed a Senior Secured Credit Facility to support Schweiger Dermatology Group’s (SDG) expansion. 

SDG is a portfolio company of LNK Partners, LLR Partners and SV Health Investors. Crestline served as administrative agent and joint lead arranger on the facility.

Since 2010, SDG has continued to grow both organically and through acquisitions and has built a multi-site platform of more than 45 locations with strong regional density, scale, and brand awareness. Additionally, the Company has made significant, advanced investments across its organisation in order to support strong and sustainable future growth.

The facility from Crestline provides SDG with additional capital to pursue its multi-faceted growth strategy consisting of acquisitions and newly-built locations. The company has an accomplished track record of executing successful and accretive acquisitions and plans to continue increasing its footprint within its current geography, as well as enter new markets.

“We decided to work with Crestline’s Direct Lending team due to their deep experience in lending to multi-site healthcare businesses, as well as their ability to provide a flexible credit facility enabling us to increase our pace of acquisitions,” says Dr Eric Schweiger, CEO of Schweiger Dermatology Group.

“We are excited to be SDG’s financing partner and look forward to working with the Schweiger team as the company continues to expand its geographic footprint,” says Jonathan Ben-Horin, Managing Director at Crestline Investors.

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