Mazzone & Associates Advises Crown Asset Management on Securing Second-Lien Financing
09/24/2019 — Mazzone & Associates is pleased to announce that it acted as the exclusive financial advisor to Crown Asset Management in securing second-lien debt financing from Angelo Gordon and Metronome Financial. As part of the transaction, Crown also refinanced its senior and subordinated credit facilities.
Brian Williams, CEO of Crown, expressed his thoughts on the transaction by stating, “We are excited to partner with Angelo Gordon and Metronome to continue growing our business. We are grateful to Mazzone & Associates for their help on this process. They have been an integral part of our Crown team for almost a decade.”
Dom Mazzone, the Managing Director who led the transaction, noted, “Crown is one of the most professional, well-run companies we have worked with, and we were honored to advise them on this transaction.”
Crown Asset Management is a specialty finance company based in Atlanta, Georgia that acquires charged-off accounts receivables. The Company has purchased approximately 500 portfolios, including credit card portfolios, automobile debt, consumer loans, marketplace lending, judgments, and specialty portfolios. Crown has been designated a Certified Professional Receivables Company by the Receivables Management Association International.
Angelo, Gordon & Co., L.P. is a privately held limited partnership founded in November 1988. The firm currently manages approximately $34 billion with a primary focus on credit and real estate strategies. Angelo Gordon has over 515 employees, including nearly 210 investment professionals, and is headquartered in New York, with associated offices elsewhere in the U.S., Europe, and Asia.
Metronome is an investment firm that seeks partners in specialty financial asset investments, such as consumer receivables, healthcare receivables and niche consumer loans (performing, semi-performing and non-performing). The firm’s ability to analyze opaque assets and structure tailored facilities allows it offer creative solutions that extend beyond traditional bank financing.