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Ally Commercial Finance Provides Senior Credit Facility to Accelecare Wound Centers, Inc.


NEW YORK – WEBWIRE

Ally Commercial Finance today announced it provided a $57,500,000 senior secured credit facility to support the acquisition of Accelecare Wound Centers, Inc. by Revelstoke Capital Partners, a Denver-based private equity firm.

The senior secured credit facility was agented and underwritten by Ally Commercial Finance with commitments from Fifth Third Bank and Siemens Financial Services, Inc. Yukon Partners, The Northwestern Mutual Life Insurance Company and Nationwide Mutual Insurance Company provided subordinated debt for the transaction.

“We are very pleased to have closed this transaction under a very tight deadline, and we look forward to working with Revelstoke in the future,” said George Triebenbacher, Ally Commercial Finance president, Structured Finance.

Accelecare provides advanced wound care services in two diversified, highly complementary divisions, Accelecare Wound Centers (AWC) and Accelecare Wound Professionals (AWP), with significant growth potential, operating synergies, and cross-selling opportunities. AWC is a leading provider of full service wound management solutions to hospitals; AWP provides wound care specialist physicians to skilled nursing facilities and hospital-based outpatient wound care facilities.

Revelstoke is a private equity firm focused on building industry-leading companies. Its managing partners have over six decades of combined private equity investing and capital formation experience having completed over 100 platform and add-on acquisitions, representing over $5 billion of total enterprise value.

About Ally Commercial Finance:
Ally Commercial Finance provides senior secured loans to meet the unique needs of equity sponsors and middle-market companies. Ally Commercial Finance lends to manufacturers, distributors, service companies and specialty sectors such as healthcare, retail, and automotive. Loans generally range from $15 to $250 million and include enterprise value-based cash flow loans and asset-based loans to support refinancing, growth, acquisition and/or recapitalization. Learn more at www.allycf.com.

For more information, visit the Ally media site at http://media.ally.com or follow us on Twitter @ally.



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