#United States #New York #Wells Fargo #Centerbridge #Overland Advantage

Overland Advantage: One Year of Transformative Lending Solutions

Overland Advantage, a business development company renowned for its innovative direct lending strategies, has announced a significant milestone on its journey. As of January 30, 2025, Overland celebrated one year of operations and collaboration with Wells Fargo, showcasing their remarkable achievements in empowering high-quality middle-market companies across the North American landscape.

The Foundation of Innovation

Since its inception in January 2024, Overland has established a robust partnership with Wells Fargo, benefiting from their comprehensive range of banking services. This strategic alliance has positioned Overland to act as a leader in arranging direct financing for middle-market ventures, offering tailored solutions that address the specific needs of diverse industries. Leveraging a combined capital value of $2.8 billion, Overland's unique lending solutions are tailored to founder, family, and sponsor-owned businesses.

Gavin Baiera, CEO and Trustee of Overland Advantage, highlighted the effectiveness of their approach: "Our collaboration with Wells Fargo allows us to provide an unparalleled lending experience, tailored specifically for our clients’ varying requirements. We are thrilled to support companies that are often exploring private credit solutions for the very first time, aiding them in optimizing their capital structures and propelling their value creation initiatives."

Engaging the Market

Overland's first year has been defined by its proactive engagement with a wide array of clients. David Marks, Executive Vice President at Wells Fargo Commercial Banking, noted, "We have had the opportunity to connect with numerous clients this past year, exploring how Overland's private credit solutions can meet their strategic goals. The positive feedback emphasizes the growing demand for new capital alternatives in the evolving financial landscape."

The breadth of Overland's influence is evident from the executed transactions, which range across multiple sectors, including:

1. Business Services: Secured credit facilities for Continental Services, a leader in food-at-work services, enhancing operations within the Midwest.
2. Consumer Sector: Financing solutions for Capital Vacations, enhancing vacation ownership management across the U.S., Mexico, and the Caribbean.
3. Financial Services: Overland led a significant $74 million second lien credit facility to MaxiTransfers, aiding their recapitalization efforts in the crucial remittance market.
4. Healthcare: Secured a $215 million credit facility to fuel growth for FFF Enterprises, recognized as a premier specialty drug distributor in the country.
5. Furthermore, financing transactions have also been executed for SGA Dental Partners and TriWest Healthcare Alliance, emphasizing Overland’s commitment to diverse healthcare needs.

A Bright Future Ahead

Looking forward, Overland Advantage continues to be a game-changer in the lending segment, striving to provide enriched capital options for middle-market enterprises. Their relationship with Wells Fargo emphasizes a commitment not just to finance, but to fostering long-term growth and innovation in underserved markets.

Overland Advantage stands out in its mission to support companies that have limited access to private credit solutions. Through relationship-driven funding and combined expertise with Centerbridge Partners, Overland aims to revolutionize the lending landscape for middle-market businesses. Barriers to accessing necessary capital will continue to break down, allowing businesses to thrive in a competitive market.

In conclusion, Overland Advantage is not only facilitating pivotal funding for high-quality companies but is also reshaping the future of how private credit solutions are perceived and utilized within the business community. Their visionary leadership and commitment to service excellence promise exciting growth for many years to come.