Since beginning operations in September 2011, White Wolf has made numerous successful private equity investments in middle market companies across multiple industries in the U.S. and Canada.

White Wolf prides itself as being a creative, flexible, and solutions-oriented private capital provider. Accordingly, in September 2021, White Wolf launched its private credit strategy enabling us to invest across the capital structure and in situations that require custom solutions.

In general, our private credit strategy will be focused on making senior or mezzanine debt investments as well as minority equity co-investments in privately-held, middle market companies (minimum revenue and EBITDA of $10 million and $3 million, respectively).

Similar to our private equity strategy, preferred industries, in general, include: manufacturing, business services, information technology, security, aerospace and defense.

Typical situations include direct lending to lower middle-market companies and private equity financial sponsors to fund refinancings, leveraged buyouts, acquisitions, recapitalizations, strategic growth investments, and capital expenditures. Deals are financed through a proprietary network of investors and institutional capital partners who commit funds on a deal-by-deal basis.

General Investment Criteria

Transaction Values Up To

$50M

(larger with co-invest)

Minimum Revenue

$10M

Minimum EBITDA

$3M

Flexible direct lending to the lower middle market primarily targeting independent sponsors and growth-oriented, business owners and entrepreneurial management teams.

Deal Partners

  • Independent sponsors
  • Business owners/management
  • Search funds
  • Family offices
  • Private equity funds
  • Other lenders

Structures

  • Senior debt
  • Unitranche debt
  • Subordinated debt
  • Debt with warrants
  • Preferred equity
  • Common equity

We have the ability to invest private credit across various capital structures and situations.

Summary of our preferred investment criteria for
Private Credit investment strategies:

Industries

  • Manufacturing
  • Business services
  • Staffing services
  • Government services
  • Engineering services
  • Information technology
  • Aerospace & defense

Financials

  • Revenues up to $200 million
  • Stable operating margins
  • Consistent cash flows
  • Historical & projected growth
  • Potential for operational improvement
  • Attractive working capital profile
  • Stable asset base

Situations

  • Leveraged buyouts
  • Management buyouts
  • Buy & build platforms
  • Recapitalization & refinancing
  • Strategic investments & growth
  • Co-investments
  • Carve-outs

General

  • Located in the U.S. or Canada
  • Prefer minority stakes
  • Partnership model
  • Proven management teams
  • Alignment of interests
  • Strong and defensible position
  • Solid industry fundamentals

Relevant Transactions

WHITE WOLF PRIVATE CREDIT
SENIOR TERM LOAN, EQUITY CO-INVEST
WYOMING CORPORATE SERVICES
ACQUISITION FINANCING
  • BUSINESS SERVICES
  • NOVEMBER 2023
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The Norlee Group
A portfolio company of
white wolf private credit
Is pleased to announce the acquisition of
  • Engineering Services & Contracting​
  • October 2023​
Learn More >
The Norlee Group
A PORTFOLIO COMPANY OF
WHITE WOLF PRIVATE CREDIT
IS PLEASED TO ANNOUNCE THE ACQUISITION OF
  • ENGINEERING SERVICES & CONTRACTING
  • AUGUST 2023
Learn More >
NMR
A Portfolio Company of
White Wolf Private Credit
Is pleased to announce the acquisition of
  • DAMAGE RESTORATION & REMEDIATION
  • June 2023
Learn More >
NMR
A PORTFOLIO COMPANY OF
WHITE WOLF PRIVATE CREDIT
IS PLEASED TO ANNOUNCE THE ACQUISITION OF
  • DAMAGE RESTORATION & REMEDIATION
  • AUGUST 2022
Learn More >
NMR
A PORTFOLIO COMPANY OF
WHITE WOLF PRIVATE CREDIT
IS PLEASED TO ANNOUNCE THE ACQUISITION OF
  • DAMAGE RESTORATION & REMEDIATION
  • AUGUST 2022
Learn More >
White Wolf Capital
IS PLEASED TO ANNOUNCE THE FORMATION OF
NMR
NEWLY FORMED PLATFORM COMPANY
  • DAMAGE RESTORATION & REMEDIATION
  • AUGUST 2022
Learn More >
WHITE WOLF PRIVATE CREDIT
SENIOR TERM LOAN, EQUITY CO-INVEST
STRYKER ELECTRIC
ACQUISITION FINANCING
  • ENGINEERING SERVICES & CONTRACTING
  • APRIL 2022
Learn More >
PACIFIC POWER & SYSTEMS
a portfolio company of
WHITE WOLF PRIVATE CREDIT
IS PLEASED TO ANNOUNCE THE ACQUISITION OF
  • ENGINEERING SERVICES & CONTRACTING
  • NOVEMBER 2021
Learn More >
PACIFIC POWER & SYSTEMS
a portfolio company of
WHITE WOLF PRIVATE CREDIT
IS PLEASED TO ANNOUNCE THE ACQUISITION OF
  • engineering services & contracting
  • July 2021
Learn More >
White Wolf Private Credit
Senior Term Loan, Equity Co-invest
Pacific Power & Systems
Acquisition Financing
  • Engineering Services & Contracting
  • July 2021
Learn More >