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7/26/18
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Sabal Capital Partners LLC recently signed definitive agreements for the acquisition of a majority interest in the company by the Trident VII funds managed by Stone Point Capital LLC. Sabal is a leading small balance debt provider and servicer with a proven business platform and is widely recognized for its innovation.
In addition, Sabal Investment Advisors LLC, Sabal Investment Holdings LLC and their managed funds will be merged into the Sabal platform to create a leading, vertically integrated lending, servicing and investment management platform focused on the small balance commercial real estate sector.
The pending acquisition is expected to further enhance Sabal’s growth and enable the company to expand its small balance commercial real estate loan offerings and to increase its footprint within the commercial real estate marketplace. Sabal will continue to be operated by its existing team, including Founder and CEO Pat Jackson and other senior members of management, all of whom will be making significant investments in the company alongside the Trident VII funds.
This announcement follows several significant milestones for Sabal, including the company’s recent selection as a Seller/Servicer for Freddie Mac’s Targeted Affordable Housing Express Program and the ongoing, prolific loan origination and servicing volume that has positioned Sabal as one of the top Seller/Servicers for the Freddie Mac Small Balance Loan Program.
The acquisition is expected to close in August 2018, subject to customary closing conditions and regulatory approvals.
Sabal Capital Partners and the sellers are represented by financial advisors Wells Fargo Securities LLC and Beekman Advisors and by legal counsel Arnold & Porter LLP and Kirkland & Ellis LLP. Kramer Levin Naftalis & Frankel LLP serves as legal counsel for Stone Point Capital.
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