For Immediate Release
June 1, 2021
NEW YORK, NY — Stonybrook Capital (“Stonybrook”) is pleased to announce that it has advised Florida Peninsula Holdings (“Florida Peninsula”) on its $20,000,000 subordinated debt facility. This is the second time Stonybrook has successfully advised Florida Peninsula on a capital raise in the last two years.
“We are proud and honored to have been appointed by Florida Peninsula on this very important transaction. I am very pleased with Stonybrook’s track record in the coastal property sector – one of our leading areas of expertise.” Said Joseph Scheerer, Principal & CEO of Stonybrook.
“We’re pleased to once again work with Florida Peninsula, one of the leading coastal insurance homeowners companies, on this recent transaction. The company’s ability to access capital and current growth should continue to cement their status as one of the leading companies in the Florida market.” said Thomas Deane, Partner at Stonybrook.
Stonybrook served as the exclusive financial adviser to Florida Peninsula on this transaction.
“We are very pleased to have been advised by Stonybrook once again. Their expertise in both the homeowners space and subordinated debt is unmatched.” Said Gary Cantor, Chief Financial Officer of Florida Peninsula.
Please find a case study of the transaction by clicking here.
About Stonybrook Capital
Stonybrook Capital is an investment banking and reinsurance broking firm, with headquarters in New York City, and offices in London, that focuses exclusively on the insurance and reinsurance industry.
Securities transactions are executed through Weild & Co., member FINRA | SIPC.
Corporate contact:
Kendel Bell
Tel: (646) 927 0438
[email protected]
Regards,
Stonybrook Capital