Sheridan Asset Management LLC
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Sheridan Asset Management, LLC, founded in 2002 and headquartered in White Plains, New York, is a credit-focused lender and investor specializing in opportunistic investments within the specialty finance sector. The firm originates asset-backed loans and purchases whole loans, leases, and receivables from specialty finance originators and banks across the United States. Sheridan's investment portfolio encompasses a diverse range of asset classes, including: Commercial asset-based loans Equipment finance and leasing Factoring Small business loans Merchant advances Consumer auto loans and leases Bankruptcy receivables Unsecured consumer loans Consumer leases and rent-to-own agreements Debt consolidation loans Charged-off consumer receivables Medical receivables Credit cards and other revolving loans Litigation finance The firm's core investment strategy centers on asset-backed lending, providing private debt financing to small and middle-market companies to support their growth initiatives. This approach primarily focuses on senior secured loans to corporate and asset-backed borrowers. As of 2024, since its inception, Sheridan has originated, underwritten, and managed over 140 transactions, representing approximately $529 million in specialty finance deals. The firm's established origination and asset management platform focuses on short-duration, high-yielding opportunities in consumer receivables, commercial loans, leases, distressed assets, and esoteric assets.
Keywords
Keywords
Classified
Private