Percent recently hosted a webinar with Quiq Capital to unravel the details of the latest deal to syndicate on the Percent platform underwritten by Quiq. Watch the replay to hear Andrew Sklover, CEO of Quiq Capital, and Charlie Lienau, Head of Corporate Strategy, unravel the details of the note, intended to fund the construction of a state-of-the-art childhood education facility by DDP Bristow.
View the deal, open for investment on Percent until July 6th.
You can download a copy of the slides used during this presentation here.
About Quiq Capital
Quiq Capital is a specialty finance company with a focus on small business and lower middle market direct lending. Quiq Capital provides debt capital for growth equity strategies, acquisitions and roll-up strategies, as well as bridge and rescue financing. Quiq Capital’s loan product is focused on value creation and EBITDA growth, and is underwritten by a team of seasoned industry professionals employing a top-down, bottom-up analysis of the business plan, borrower and guarantor. The goal of Quiq Capital’s direct lending strategy is to generate attractive, risk-adjusted returns from a diversified portfolio of loans, ultimately producing substantial excess return relative to comparable debt instruments. Quiq Capital also engages in other structured and private credit strategies such as commercial and residential mortgage-backed securities, asset-backed securities, litigation financing and other debt instruments with a goal of producing differentiated alpha.
About DDP Bristow
DDP Bristow is a special purpose entity created by Deerfield Development Partners for the sole purpose of developing a childhood education facility for The Learning Experience Corporation (TLE) in Prince William’s County, Virginia. TLE, Deerfield Development Partners, and the DDP Bristow are affiliated through a common private equity sponsor, Golden Gate Capital. TLE is a provider of preschool and early preschool development services. The company offers full and part-time services for preschool children and supplemental after-school services for school-age children. As of March 2023, The Learning Experience has 345 open centers. The underlying loan will be used to begin construction of the childhood education facility with the goal of completing construction by Q4 2023. Deerfield Development Partners expects to sell the property in Q1 2024.