THE CLIENT

Sankaty Advisors, LLC, The credit affiliate of Bain Capital, LLC

Sankaty is a leading private manager of fixed income and credit instruments. With approximately $18.9 billion assets under management, Sankaty invests in a wide variety of securities and investments, including leveraged loans, high-yield bonds, distressed/stressed debt, mezzanine debt, structured products and equities.

THE SITUATION

After executing an extensive operational turnaround, Sankaty Advisors, the control owner of Rotorcraft Leasing Company (“RLC”), was exploring financing options to fund additional working capital and new growth opportunities. This was a complicated transaction based on the number of stakeholders involved in the process and due to market conditions and events that occurred prior to Sankaty taking control of the business in 2011.

THE ENGAGEMENT

In 4Q 2012, G2 Capital Advisors was engaged as the exclusive Investment Banker to Sankaty and RLC. The focus of the mandate was to develop a capitalization strategy and then to execute a financing process. The process included; identifying and engaging multiple capital providers, identifying new funding sources and leading negotiations with the new financing partner. Due to the nature of the complex stakeholder structure around the transaction, G2 played a key role in the negotiations and communications between the original debt holder syndicate, secondary lenders, equity holders and RLC management team.

THE OUTCOME

After a comprehensive analysis and selection process, Salus Capital Partners was chosen as the partner of choice for Sankaty and RLC, providing a creative $45 million unitranche asset based solution that satisfied the needs of both RLC’s management and the original debt and equity holders of the Company.