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Sunflower Bank’s Leveraged Finance Team Provides Senior Debt Financing to RealDefense
July 31, 2020
Source: Sunflower Bank, N.A.
Sunflower Bank, N.A. is pleased to announce that its Leveraged Finance team worked to provide $10 million in revolving and term debt commitments to support the acquisition of iolo technologies (“IOLO”) by RealDefense, LLC (“RealDefense”), a portfolio company of Corbel Capital Partners and Broadstream Capital Partners. The transaction closed in June 2020.
“We were pleased to work with the RealDefense team to finance the acquisition of IOLO,” said David Harper, managing director of Leveraged Finance at Sunflower Bank. “Successfully closing this transaction in the current environment demonstrates Sunflower Bank’s dedication to providing senior debt capital and strategic partnerships to private equity firms and their portfolio companies. We are excited about the benefits that IOLO’s business will bring to RealDefense.”
Harper is responsible for identifying prospective leveraged finance and other corporate banking opportunities for Sunflower Bank. His career has included leadership roles in investment banking, private equity, operating companies, and commercial banking. He has been involved in more than 75 corporate finance transactions including M&A, private placements, public offerings, restructurings and cross-border opportunities. Sunflower Bank’s Structured Finance Group launched in June 2018 bringing together a team of experienced industry leaders to provide corporate finance services to clients and prospects with borrowing needs typically in the range of $5 million to $20 million or more. Sunflower Bank also has the ability to lead larger syndicated deals.
RealDefense, with operations in Santa Monica, CA, managed by Gary Guseinov and Sean Whiteley, develops and markets security, privacy and optimization software/services for consumers and small businesses. RealDefense markets well-known products such as MyCleanPC and U.S. Tech Support.
iolo technologies develops patented technology and award-winning software, System Mechanic, that repairs, optimizes, and protects computers, enabling users to enjoy their full computing potential by keeping devices running fast and reliably.
Corbel Capital Partners is a Los Angeles, CA based independent investment firm that makes non-control investments in the form of creatively tailored structured debt or equity securities in profitable, lower middle-market businesses. Capital can be used to facilitate growth, buyout a minority partner, consummate a strategic acquisition, provide existing owners with near-term liquidity, or creatively finance and support independent sponsor buyouts. Corbel also offers differentiated strategic and operational support traditionally not offered by non-control investors and allows owners of businesses to retain control equity positions and the potential for later monetization events.
About Sunflower Bank
Operating as Sunflower Bank, First National 1870 and Guardian Mortgage, Sunflower Bank, N.A. provides financial solutions to the individual communities it serves. With approximately $4 billion in assets as of March 31, 2020, headquarters in Denver, bank locations in six states, and mortgage capabilities in more than 40 states, Sunflower Bank, N.A. provides a full range of relationship-focused services to meet personal, business and wealth management financial objectives. Member FDIC. Equal Housing Lender. First National 1870 and Guardian Mortgage are divisions of Sunflower Bank, N.A. To learn more visit SunflowerBank.com, FirstNational1870.com or GuardianMortgageOnline.com.
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