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Bailey McCann, Opalesque New York: Private credit shop Crayhill Capital Management is providing a senior secured credit facility of up to $100 million to Mutuo Financiera, a vehicle fleet leasing company focused on clean energy passenger transportation in Mexico. Crayhill Capital Management is led by Joshua Eaton and Carlos Mendez, who were previously with hedge fund firm Magnetar Capital.
Mutuo promotes the use of cleaner and cost-efficient energies, such as Compressed Natural Gas (CNG), which can be used to operate vehicles.
Mutuo Financiera is working with Middlemarch Partners on its growth and capital strategy. Middlemarch arranged the credit facility with Crayhill. The financing will be used for the acquisition of new compressed natural-gas vehicles to be leased to commercial and passenger transportation fleets across Mexico.
The company says that it plans to grow aggressively throughout Mexico to improve the way passenger transportation is managed around the country and help transition to more efficient sources of energy, better urban mobility, and access to remote financial services.
In an interview with Opalesque, Demetris Papademetriou, Board Member of Mutuo and Partner at Middlemarch Partners, said that the company is positioned to help support the public transportation system in Mexico which is limited. He added that the Mexican government has offered incentives to companies to switch over to cleaner fuels and energy efficient vehicles. Mutuo ...................... To view our full article Click here
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