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RAPAPORT... Investment advisor Salus Capital Partners LLC, a subsidiary of Harbinger Group Inc., has surpassed $800 million in loan commitments since the group's inception. The loan commitments represent approximately 40 transactions in total, with 15 transactions closed and funded since January 2013. Transactions included Scott Kay Inc., Kid Brands Inc., dELiA*s Inc., Summer Infant Inc., Mitchell Gold + Bob Williams and Kitson.
Salus Capital serves specialty retail, including jewelers, as well as manufacturers, energy services, transportation, retail and wholesale apparel and health and wellness. Target transactions range in size from $3 million to $35 million, with the ability to hold up to $100 million and to syndicate larger transactions.
“We take great pride in having worked with many wonderful people since forming Salus Capital, while assembling a great team and earning the trust of our investors,” said Andrew H. Moser, the president of Salus Capital Partners. “Above all, Salus creates capital solutions to unlock liquidity for our borrowers with a keen focus on tireless execution while maintaining a unique sense of adaptability.”
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