Unitas Global, a fast-growing provider of enterprise hybrid cloud solutions headquartered in Los Angeles with clients and locations spanning the globe, has announced that CapX Partners has structured a lease line of credit to their operations. The unique structure of the lease was such that Unitas could draw over a 6-month period, allowing it to “seamlessly” onboard new customers and start paying for the financing as revenue was created.
Offering a differentiated private and hybrid cloud infrastructure business model that is technology agnostic, carrier-neutral, and globally deployed, Unitas Global’s hybrid cloud solutions have the flexibility to architect specifically to their customers’ unique requirements. As Unitas forged ahead with organic growth, CapX Partners was provided the opportunity to provide mission-critical capital to support new customer related IT hardware requirements.
“At Unitas Global, we are dedicated to meeting global enterprise needs for innovative, secure, and simple-to-use hybrid cloud solutions,” said Patrick Shutt, CEO of Unitas Global. Because of this commitment, our company has been on a strong growth trajectory as we address the challenges faced by enterprise businesses migrating to the cloud. The influx of capital from CapX Partners enables our organization to invest in the hardware necessary to further expand our global customer base, and continue forward on a track of rapid growth.”
Matching a lease term to the approximate length of the customer master service agreement term, CapX Partners financed 100% of the IT hardware cost along with a soft cost allowance. The result would be: increased revenue and cash flow as Unitas Global defers any investment in the equipment needed until the end of the lease.
CapX Portfolio
“Unitas Global is an excellent addition to the CapX portfolio company line up,” said Jeffry Pfeffer, Managing Partner at CapX Partners. “We are pleased to be a part of their current growth phase.”
Founded in 1999, CapX Partners is a specialty finance company that focuses on private equity-backed portfolio companies looking for debt financing in the $2-$20 million range. CapX Partners provides senior and mezzanine debt including lease lines and favors manufacturing, distribution, technology, energy and healthcare industries with an emphasis on revenue-producing fixed assets.
