NEW YORK, Feb. 5, 2025 -- Overland Advantage ("Overland"), a business development company with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, announced today that it served as sole lead arranger and book-runner for a $215.0 million credit facility in support of a new loan origination to facilitate the ongoing growth of FFF Enterprises, Inc. ("FFF"), a founder-owned company. In connection with the transaction, Wells Fargo continues to lead a $904.0 million Wells Fargo-agented asset-based loan.
FFF has been recognized as the nation's most trusted specialty drug distributor and diversified healthcare company since 1988.
"We are excited to partner with Overland, and we believe that the flexibility of the capital that was provided will enable FFF to focus on opportunities to expand our product offerings, grow our specialty distribution capabilities into new markets, and ultimately, support the overall healthcare ecosystem," said Patrick M. Schmidt, chief executive officer of FFF Enterprises.
"We are very pleased to support FFF," said Gavin Baiera, CEO and Trustee of Overland Advantage and Senior Managing Director at Centerbridge. "We have been a leading investor in healthcare businesses and providing an innovative financing solution through Overland highlights our capability and desire to support growing, founder-owned businesses."
Kurt Marsden, head of Wells Fargo Capital Finance, shared, "Providing long-time clients like FFF Enterprises with seamless access to private credit solutions through Overland and our leading asset-based lending platform gives them a broader set of options to pursue their goals, complementing our comprehensive suite of financial services including treasury management and investment banking."
About FFF Enterprises, Inc.
Founded in 1988, FFF Enterprises, Inc. is a privately held, multibillion-dollar specialty pharmaceutical distributor and diversified healthcare company. FFF Enterprises is the parent company to Nufactor, Inc., a specialty infusion company, InCircle, LLC, and RightNow Inventory.™ Our partners include global pharmaceutical and biologics manufacturers, prestigious healthcare systems, large and independent retail pharmacies, and leading alternate care sites. Our nationwide commerce is supported by a network of distribution and infusion pharmacy locations utilizing world-class technology and cybersecurity solutions.
For more information about FFF Enterprises, please visit its news site, LinkedIn, X, Facebook, Instagram, and YouTube.
About Overland Advantage
Overland provides innovative lending solutions to founder, family and sponsor-owned middle market companies in North America and allows businesses to pursue their most important strategic goals.
Overland benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, a leading commercial bank in the U.S. Overland borrowers can benefit from more seamless access to Wells Fargo's differentiated treasury management, investment banking services and senior bank capital and Centerbridge's leading private and alternative credit investment capabilities. Overland offers a unique, relationship-driven solution to meet the capital needs of privately owned middle market businesses, many of which have limited connectivity to private credit solutions.
Overland is managed by Overland Advisors Holdings, LLC, a Delaware limited liability company, which is a controlled affiliate of Centerbridge and in which Wells Fargo has a significant, non-controlling minority equity investment.
For more information about Overland, visit www.overland-advantage.com.
About Centerbridge
Centerbridge Partners, L.P. is a private investment management firm employing a flexible approach across investment disciplines — Private Equity, Private Credit and Real Estate — in an effort to develop the most attractive opportunities for its investors. The firm was founded in 2005 and as of December 31, 2024, has approximately $40 billion in assets under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies.
For more information, please visit www.centerbridge.com | LinkedIn.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 34 on Fortune's 2024 rankings of America's largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Contacts
Kekst CNC
Jeremy Fielding / Anntal Silver / Daniel Hoadley
overland@kekstcnc.com
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