Another investor in Capital Senior Living has proposed an alternative to the provider’s plan to raise up to $154.8 million through a transaction with Conversant Capital, Senior Housing News reports.
Invictus Global Management provided term sheets to Dallas-based Capital Senior Living for a $150 million financing transaction, which it claims is at market value and at terms “far superior” to those offered by Conversant. Capital Senior Living earlier this week said it “significantly improved” terms of the Conversant transaction.
Based in Austin, Invictus specializes in debt financing and private credit and focuses on smaller companies not on the radar of larger private equity firms. Read more.
