Bengur Bryan acted as financial advisor to Sequel Youth and Family Services, LLC (Sequel), in privately arranging $127.5 million of senior financing with a syndicate of banks led by Fifth Third Bank and preferred equity with Alaris Royalty Corp.
Based in Huntsville, Alabama with operations in 17 states, Sequel is a privately owned company founded in 1999 which develops and operates programs for people with behavioral, emotional, or physical challenges. Sequel offers a broad continuum of treatment options for children, adolescents, and adults from over 34 states.
Alaris Royalty Corp. (TSX:AD) is a Canadian company that provides alternative financing to a diversified range of profitable, well-managed private businesses in North America. Alaris uses an innovative financing structure that allows them to provide capital to companies in a manner that maximizes valuations, is tax effective and allows existing owners of the private companies to retain control of their businesses.
Fifth Third Bancorp (NasdaqGS:FITB) is a regional bank headquartered in Cincinnati, Ohio with over $120 billion in assets and operations in the Midwestern and Southeastern regions of the U.S.