Altamont Capital Partners is borrowing from Franklin Square Capital Partners and GSO Capital Partners to finance its acquisition of Fox Head and Hybrid Apparel. Franklin Square is also joining the deal as an equity co-investor.
Fox Head makes branded motocross clothing and has sponsorship relationships with several high profile racers. It is based in California, as is Hybrid Apparel which has a strong distribution network for branded clothing.
The financing came from FS Investment Corporation II and FS Investment Corporation III, both are BDCs managed by Franklin Square and sub-advised by GSO.
“This is our third transaction with GSO and Franklin Square and we have built a strong, successful relationship,” said Kristin Johnson, director of capital markets and business development at Altamont.
Alternative investment manager Franklin Square managed approximately$13.6 billion in assets as of 30 September.
GSO is the credit arm of investment and advisory firm Blackstone and had approximately $70 billion of assets under management as of 30 September.
Private equity firm Altamont Capital Partners is based in the San Francisco Bay area with over $1 billion of capital under management. Altamont focuses on middle market businesses.