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Home>Access Point Financial, Inc. Closes Recapitalization by WCP Investments LP Investors

Access Point Financial, Inc. Closes Recapitalization by WCP Investments LP Investors

Access Point Financial, Inc. Closes Recapitalization by WCP Investments LP Investors

10/05/2017

Access Point Financial, Inc. Closes Recapitalization by WCP Investments LP Investors

Atlanta-based hotel lender recapitalizes for $350 Million

Access Point Financial (APF), today announced the recapitalization of the company in a transaction led by WCP Investments LP (“WCPI”), having been arranged by Wells Fargo and KBW as buy-side and sell-side advisors, respectively. The recapitalization saw the successful exit of Stone Point Capital from the business and represented a $350 million+ transaction, including commitments from WCPI and APF Management to facilitate the continued expansion of the platform.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171005005275/en/

Jon S. Wright, Access Point Financial Chairman & CEO (Photo: Business Wire)

Jon S. Wright, Access Point Financial Chairman & CEO (Photo: Business Wire)

Commenting on the transaction, Jon S. Wright, APF’s chairman and CEO, said, “We are delighted with the success we have achieved since our initial capitalization in 2011 and will now move to grow the platform to even greater heights with WCPI as our financial partner. The APF management team will be forever grateful to Chuck Davis and his investment team at Stone Point for their forward-looking and pioneering rational when earmarking the initial 2011 investment. Our new partners at WCPI share our passion for integrity as well as verifiable results driven by operating partners with a 25 year track record of risk adjusted returns.”

WCPI’s Chief Investment Officer, Michael Gontar, commented, “We are excited to gain exposure to this unique asset class and are looking forward to continuing the tremendous growth that APF has achieved since its founding.” Chuck Davis, CEO of Stone Point Capital, remarked, “Jon and his team did a tremendous job forming and building the Access Point business. We have really enjoyed our partnership with the Access Point team, and we wish them great success in the future.”

APF, a direct lender that primarily focuses on the hospitality industry, offers a full-service lending and advisory platform that provides financing to qualified hotel franchisees of all major brands and independent boutique hotels throughout the United State and Canada. The company has made approximately 650 loans representing approximately $3.5 billion of asset value from its inception in 2011, with banking partners such as JP Morgan, Credit Suisse and Key Bank. APF was recognized by Inc. 500 as the #17 ranked private growth company in the United States in 2015, and was also a top 20 growth company as ranked by the Atlanta Business Chronicle in 2015. The Inc. 500 ranking placed APF as the top ranked debt provider (in terms of growth).

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