Stonybrook Capital Advises Sycamore Specialty Underwriters on Debt Refinancing & Capital Raise
New York, NY- Stonybrook Capital & Risk Management (“Stonybrook”) is pleased to announce that Michigan-based Sycamore Specialty Underwriters (“SSU”), a leading specialty insurance MGA, has completed a debt & equity capital raise led by Comerica, with proceeds used for working capital and to retire an existing bridge loan.
Stonybrook served as the Company’s Exclusive Financial Advisor in connection with the capital raise
Andy Petcoff, President and CEO, SSU, commented:
“It was a pleasure working with Stonybrook again on our debt refinancing, and we greatly value their expertise and partnership’.
Paul Kneuer, Partner, Stonybrook, commented:
“We are pleased to have supported this transaction for SSU, a valued client, and look forward to continuing our strong partnership with their team on future opportunities”.
Please see a case study of transaction here:
About Stonybrook Capital & Risk Management
Stonybrook is a global advisory boutique, headquartered in New York City, providing clients with capital raising, M&A, reinsurance broking and investment advisory solutions. Stonybrook focuses exclusively on the insurance and reinsurance industry. Founded in 2012, Stonybrook was ranked #2 behind Goldman Sachs in the S&P advisory league tables for 2022.
Corporate Contact:
Kendel Bell
[email protected]