A new middle market debt advisory firm – Hudson Avenue Partners – has been launched by Ryan Deegan and Kelly Stotler.
The new firm specializes in designing, structuring and raising debt and equity capital of $25 million to over $250 million in support of acquisition, refinancing and recapitalization transactions across various industry sectors.
Mr. Deegan, formerly the head of Cowen’s Debt Advisory Group, and Mr. Stotler, who recently led private equity-focused private credit efforts for Capitala Group and Czech Asset Management, have collectively raised and invested over $30 billion of debt and equity capital for clients throughout their careers.
“We could not be more excited about the launch and early momentum of the Hudson Avenue platform,” said Mr. Deegan. “As an independent firm exclusively focused on raising debt and minority equity capital, we have been able to deliver a level of execution and degree of senior-level attention rivaled by few in the middle market. I am looking forward to the opportunity to continue delivering optimal outcomes for our clients and their platform investments.”
Hudson Avenue began its activities late last year and has already advised Birmingham, Michigan-based Vision Growth Partners on a December 2020 refinancing for its Michigan-based Alline Salon Group platform investment. In 2018, Vision Growth formed Alline to acquire a portfolio of nearly 400 Midwest-based salons from publicly traded Regis Corporation; in December 2020, Hudson advised IGM Advisors on its acquisition of Grocery Services, a Houston-based specialty grocery chain with 38 locations across South and West Texas; and earlier this month, Hudson advised Wireless Vision, a Michigan-based operator of 600 T-Mobile branded retail stores across 27 states, on its recapitalization led by Gemspring Capital.
“These three transactions are a prime example of how our deep capital markets expertise and entrenched relationships with both bank and non-traditional capital providers drive placements across the capital structure,” said Mr. Stotler. “Ryan and I look forward to working with more of our private equity clients to deliver customized financing solutions as we build out the Hudson Avenue platform.”
Hudson Avenue has offices in Detroit and New York.
© 2021 Private Equity Professional | January 27, 2021