Dext Capital, a new independent equipment leasing company focussed on the healthcare industry, and backed by private equity investor Sightway Capital, plans to begin offering equipment financing in the beginning of 2019.
Dext Capital is led by industry veteran Kyin Lok, who will serve as President and Chief Executive Officer. Lok has over two decades of equipment leasing experience with US Bank and GE and most recently led a number of leasing verticals for TCF Bank. The Dext team collectively has over 150 years of experience in the equipment leasing industry.
Sightway Capital, a Two Sigma company, employs a flexible capital approach to building successful business platforms with experienced operating partners. Sightway Capital will work closely with Lok and the Dext leadership team to support the company’s growth and capability development.
“Sightway Capital has had the good fortune to work with a number of talented leaders to develop business platforms in the financial services industry with a long-term growth focus,” says Wray Thorn, Chief Investment Officer of Sightway Capital. “We have been proactively developing opportunities in the healthcare finance sector for some time with this objective in mind.”
“We believe an exciting opportunity exists to create a new technology-enabled leasing company focused on the healthcare industry,” adds Jeff Nemanick, Investment Partner at Sightway Capital. “We’re looking forward to partnering with Kyin Lok and the leadership team to launch Dext Capital to capitalise on this opportunity.”
“I’m delighted to partner with Sightway to launch Dext Capital, a highly flexible equipment leasing platform for healthcare providers,” says Lok. “Industry dynamics today are often characterised by small independent lessors which lack access to efficient capital and banks which are burdened by complexity with overly tight credit parameters. We believe that Dext Capital can address this growing market and provide a solution for our customers as an independent and well-capitalised alternative with a deep understanding of the industry and an advanced technology orientation.”
Accompanying Lok on the Dext leadership team are four experienced leasing professionals:
Eric Gross as Chief Operating Officer, who was formerly General Manager for Bank of the West’s servicing business starting from a de novo operation.
Scott Eshleman as Chief Risk Officer, who oversaw the profitable growth of multiple business lines to over USD250 million in originations for Umpqua Bank.
Lou Altobelli as National Sales Manager, who most recently led Siemen Financial Services’ team of 10 territory managers across the nation.
Jeff Rathjen as Vendor and Business Development Manager who was National Program Manager for TCF’s healthcar
