Stellex Capital Continuation Vehicle Acquires Interests in Fenix Parts
April 10, 2024
Stellex Capital Management closed a single-asset continuation vehicle that acquired interests in Fenix Parts, providing follow-on capital to support organic growth and the company’s add-on M&A pipeline. Concurrently, Fenix refinanced its debt with TCW Private Credit Group as lead lender; Evercore served as financial advisor and Kirkland & Ellis and Greenberg Traurig as legal counsel.
- Buyers
- Stellex Capital Management LLC (single-asset continuation vehicle)
- Targets
- Fenix Parts
- Industry
- Automotive
- Location
- Texas, United States
- Transaction Type
- Recapitalization
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