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BRIDGE FINANCE GROUP COMPLETES RECAPITALIZATION CHICAGO, IL – November 6, 2007 - Chicago based Bridge Finance Group today announced it completed a capital raise in excess of $260 million of equity and debt for growth and expansion of its existing lines of business, as well as provide funds for prospective acquisitions. D. B. Zwirn & Co., L.P., a New York based global alternative investment firm, led an investor group that invested $160 million in equity capital into Bridge. "This transaction provides for a consolidation of our companies and allows for the continued expansion of our new and existing debt facilities" said Randy Abrahams, President and CEO of Bridge Finance Group. "It provides us with ample dry powder in an increasingly favorable lending environment and positions us strategically to benefit from the expected consolidation in the specialty finance market". ABOUT BRIDGE FINANCE GROUP Bridge Finance Group offers a combination of comprehensive loan products, decades of financial expertise and an unparalleled service approach unique to the lending industry. Through accounts receivable, cash flow , equipment , real estate based term loan lending products, Bridge is able to address the differing capital needs of its customers. Bridge is based in Chicago, Illinois with offices in the Northeast, Southeast, and West Coast. ABOUT D. B. ZWIRN D.B. Zwirn & Co., L.P., based in New York City, is a global alternative investment firm and merchant capital provider that manages over $5 billion of capital and nearly $8 billion in assets. Contact: Randy Abrahams, President / CEO |
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