Alterna Equity Partners Announces the Capitalization and Start-Up of Alterna Capital Solutions
DELRAY BEACH, Fla., June 19, 2018 (Newswire.com) - Alterna Equity Partners today announced the successful completion of its investment in Alterna Capital Solutions LLC. Alterna’s founder Robert L. Konrad Jr. joined forces with Stan Carpenter, ACS’ founder and CEO, to create an accounts receivables financing company with $77 million of available capital. ACS’ headquarters is in Winter Park, Florida; it initially will have a sales presence on the East Coast staffed from Atlanta, Georgia, and on the West Coast, staffed from San Francisco, California. West PLC provided the legal services in connection with the transaction, including the planning and structuring of the various entities, the private placement of the equity securities and the documentation and consummation of the senior debt financing.
“Alterna is excited to have the opportunity to work with Mr. Carpenter in building a best-in-class organization and providing an attractive service-focused offering for clients,” said Alterna founder Robert Konrad.
Alterna Equity Partners, founded by Mr. Konrad in 2006, is a private equity investment firm based in South Florida that makes strategic investments in early-stage and established growing companies. Alterna invests in existing and new management teams and assists in the growth and development of its company investments through the introduction of new financial and managerial resources. Its operating businesses oversee more than $1 billion in assets across several funds, portfolio companies and co-investments. Learn more at AlternaEquityPartners.com.
Alterna is excited to have the opportunity to work with Mr. Carpenter in building a best-in-class organization and providing an attractive service-focused offering for clients.
Ilona Wolpin (954) 298-8784
Source: Alterna Equity Partners