- Trinity Capital Inc. Provides Growth Capital to Kinetic to Expand Workplace Injury Management Technology
- Eclipse Business Capital Provides $28.5MM To Support the Acquisition of Flooring Products Distributor
- Iron Horse Credit (IHC) Closes $4.9 Million Inventory Line of Credit to a Technology Leader in Advanced Manufacturing
- B. Riley Securities Acts as Sole Bookrunner to Gladstone Investment Corporation in $60 Million Notes Offering
- White Oak Commercial Finance Delivers $7 Million Accounts Receivable Facility to Technology-Focused Staffing Company
MidCap Financial Closes a $40mm Senior Secured Credit Facility to Flip
October 21, 2025
Source: MidCap Financial
BETHESDA, MD, October 21, 2025 – MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $40 million senior secured credit facility to Flip Electronics LLC (“Flip” or the “Company”). Proceeds from the credit facility were used to refinance the Company’s existing credit facility and to support the ongoing working capital needs of the Company.
About the Company
Flip Electronics is a leading provider of obsolescence management solutions, offering authorized distribution and extended-life semiconductor manufacturing. Since its founding in 2015, Flip has tackled industry shortages and product obsolescence by delivering tailored supply chain solutions to OEMs and contract manufacturers worldwide. Leveraging robust supplier partnerships and deep expertise, Flip integrates factory-direct components with proactive end-of-life mitigation strategies to deliver dependable solutions for the military, aerospace, medical, and industrial sectors. By sourcing hard-to-find, authorized components, Flip extends product lifecycles, prevents costly production halts or redesigns, and mitigates risks associated with counterfeit materials and gray market uncertainties, ensuring reliable, timely, and cost-effective component solutions. O2 Investment Partners holds a significant investment in Flip.
About O2 Investment Partners
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire majority interests in lower middle market B2B services, technology, and select industrial companies. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.
About MidCap Financial
MidCap Financial is a middle-market focused, specialty finance firm that provides senior debt solutions to companies across all industries. As of June 30, 2025, MidCap Financial provides administrative or other services for over $58 billion of commitments*. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc, pursuant to an investment management agreement. Apollo had assets under management of approximately $840 billion as of June 30, 2025, in credit, private equity and real assets funds.
For more information about MidCap Financial, please visit www.midcapfinancial.com.
For more information about Apollo, please visit www.apollo.com.
*Including commitments managed by MidCap Financial Services Capital Management LLC, a registered investment adviser, as reported under Item 5.F on Part 1 of its Form ADV
Contact: MidCap Financial Services, LLC
Garrett Fletcher, President of Structured Finance
301-841-6439
