ALHI Secures Recapitalization Backed by Boathouse Capital and New Canaan Funding
Deal News | Jan 24, 2025 | New Canaan Funding LLC
In a strategic move to bolster growth and expansion for the premier global sales organization ALHI, New Canaan Funding has provided financial support for a recapitalization led by Boathouse Capital Partners. ALHI, with its headquarters in Orlando, Florida, caters to event professionals and executives across North America, offering solutions for a myriad of programs and events globally. This recapitalization, supported by New Canaan Funding's Mezzanine VII SBIC, aims to enhance ALHI's growth initiatives and pursue accretive acquisitions. New Canaan Funding, a mezzanine firm active in the middle market private sponsor community since 1995, specializes in acquisitions, recapitalizations, and growth financing. It operates offices in various locations including Naples, Florida, and has made this its fifteenth investment from their seventh fund, marking a significant first collaboration with Boathouse Capital for this fund. Boathouse Capital, an investment firm rooted near Philadelphia, targets lower middle-market companies in the United States, focusing on technology and tech-enabled services through strategic partnerships. With over $1.5 billion invested via more than 100 transactions, Boathouse Capital brings considerable strategic and operational insights to the table, reinforcing its commitment to fostering management team capabilities for company growth.
Sectors
- Investment Finance
- Hospitality
- Venture Capital & Private Equity
Geography
- United States – The companies involved, namely New Canaan Funding, ALHI, and Boathouse Capital, operate within and serve the U.S. market.
- Florida – Orlando, Florida is the headquarters of ALHI, pivotal in the operation discussed.
- Pennsylvania – Boathouse Capital is based outside Philadelphia, making Pennsylvania a significant operational base.
Industry
- Investment Finance – Involves New Canaan Funding providing mezzanine financing to support a company's recapitalization.
- Hospitality – ALHI operates as a global sales organization for upscale hotels, a key participant in the hospitality sector.
- Venture Capital & Private Equity – Boathouse Capital Partners' investment strategies and recapitalization expertise in collaboration with New Canaan Funding illustrate this sector.
Financials
- Over $1.5 billion – Total investment amount by Boathouse Capital in over 100 transactions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Associated Luxury Hotels International (ALHI) | Target | Company | A premier global sales organization in North America, dedicated to luxury hotels and resorts. |
| New Canaan Funding LLC | Investor | Company | A mezzanine debt provider specializing in middle market private sponsors. |
| Boathouse Capital Partners | Buyer | Company | An investment firm focusing on lower middle-market companies in the U.S. |