News

Greenwich, CT, February 11, 2022 – Silver Point Finance, a subsidiary of Silver Point Capital, L.P., partnered with Comvest Credit Partners, in the financing of a Senior Secured Credit Facility to Oceans Healthcare (“Oceans” or the “Company”), a rapidly growing behavioral health provider. The financing was done to support an investment in the Company by Webster Equity Partners. The investment allows the Company to accelerate already significant growth and build on its mission to provide high-quality services in underserved markets nationwide. Houlihan Lokey served as the exclusive financial advisor to Oceans.

 

Oceans was founded almost two decades ago with a special focus on providing in-demand geriatric behavioral health services. While remaining focused on treating older adults, the organization has since grown to serve individuals across the age and diagnosis spectrum with 33 locations in the Southeast, including 23 inpatient hospital campuses and 20 intensive outpatient programs.

 

Silver Point Finance, a subsidiary of Silver Point Capital, L.P. (“Silver Point”), is the company’s dedicated financing business, providing customized financing solutions to middle-market companies across a broad range of industries. Silver Point Finance provides capital for acquisitions, refinancings, bridge loans, growth capital, balance sheet restructurings and leveraged recapitalizations. It also has an active national commercial real estate lending business that focuses on special situation and transitional bridge loans across real estate asset classes. Since 2003, Silver Point Finance has deployed over $15 billion in primary originations across 350+ transactions. In 2021, Silver Point Finance closed over $4 billion in direct lending commitments and now manages over $7.5 billion in investable capital to deploy into its direct lending strategy. Additional information is available at www.silverpointfinance.com.

 

Silver Point Capital, L.P. is a registered investment adviser that focuses on global credit investing.  Founded in 2002 by Edward A. Mulé and Robert J. O’Shea, Silver Point was designed and built to have the deep resources, expertise and capital needed to invest in the global credit markets.  Silver Point’s business model seeks to capture synergies across its platform, build comparative advantages in every area of the Firm, hire and train exceptional people, and establish a culture of teamwork. As of February 2022, Silver Point Capital has over 200 employees, including approximately 65 investment professionals, and manages over $20 billion in investable assets.