New York-based UCC Capital Corp. added its first foreign correspondent office last week, Toronto-based Lamerac Financial Corp., to focus on originating second-lien loan transactions and whole-company securitizations across all industry sectors.
Lamerac Financial is a financial advisory services firm focused on mergers, acquisitions, corporate finance, turnarounds, restructurings, initial public offerings and reverse mergers, a UCC spokeswoman said. The firm's portfolio includes public and private companies across Canada.
"UCC offers the visionary approach we seek for our clients, and offers unmatched leadership in the markets they have chosen to operate," Dan Amadori, president of Lamerac, said. Amadori founded Lamerac in 1988.
UCC's correspondent offices in the U.S. are located in Atlanta, Chicago, Los Angeles, Huntsville, Ala., Nashville, Pittsburgh and Philadelphia.
"The Canadian market is a rich environment to offer our innovative financing solutions and an array of advisory related services," said UCC President and Chief Executive Officer Robert D'Loren. "This cross-order expansion marks the first office outside of the United States, and will well position UCC for the future."
UCC intends to add correspondence offices in Boston, Miami, Washington, DC, San Francisco, and Silicon Valley, Calif.
Boutique underwriter UCC focuses on the direct origination of highly structured whole company and operating company securitization transactions, typically backed by intellectual property or contractually obligated income streams. It focuses on branded consumer products, franchising, media, entertainment, telecom, technology and life sciences.
The firm also provides mezzanine and bridge financing to companies in the industries it serves. UCC - which has recently executed private placement deals for prominent fashion houses such as Oscar de la Renta, BCBG and Badgley Mischka - has two additional fashion apparel private placement deals that will be in the market by the end of the month, and two more in the makings, a source said.
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