Los Angeles, CA (October 2020) – Avante Capital Partners, a women-owned private credit and structured equity firm, is pleased to announce the completion of a subordinated debt and equity investment in SPG, a portfolio company of Ridgemont Equity Partners (“Ridgemont”), to support its on-going acquisition strategy. Founded in 1989, SPG provides behavioral health, speech, physical, and occupational therapies across the school, clinic, and home settings. Avante’s investment facilitates SPG’s continued expansion throughout California and Colorado and positions it as a regional leader in autism services. Avante also provided a DDTL facility to fund future acquisitions.
“We are excited to work with Avante as we expand SPG’s therapeutic offering and bring the Company’s clinical excellence to new geographies and families and children in need,” said Petri Lindberg, Vice President at Ridgemont. “They have shown us their ability to be a true partner through their flexibility, responsiveness and ease of execution and we are excited to take SPG to the next level with their support.”
“We are thrilled to partner with a sponsor of Ridgemont’s stature, reputation and longterm success,” said Paul Hayama, Partner at Avante Capital Partners. “Our investment is also a great example of Avante’s mission of supporting Women and Minority-led businesses. We have admired the passion and vision of SPG’s CEO Susan Stark since we first met her two years ago and we are proud to back SPG’s mission of helping children reach their full potential.”