Fair Square Financial Acquisition, Valuation, Funding & Investors

Bain Capital Specialty Finance Inc is an externally managed, closed-end, non-diversified management investment company. The company's objective is to provide risk-adjusted returns and current income to investors by investing predominantly in middle-market companies with between $10.0 million and $150.0 million in annual EBITDA. Its portfolio of investments includes First Lien Senior Secured Loan, Preferred Equity, Equity Interest, Warrants, and Second Lien Senior Secured Loan among others.

PRA Group Inc is a leader in acquiring and collecting nonperforming loans. The company returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe, and Australia. It is also engaged in providing fee-based services on class action claims recoveries in the United States. The company's portfolio segments include; Core, which is engaged in purchasing and collecting nonperforming loans, which the originators have not chosen not to pursue, and the Insolvency segment which is engaged in purchasing and collecting nonperforming loans where the customer is involved in a bankruptcy proceeding.

PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate both current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to the limited amount of capital available for such companies and the potential for rising interest rates. The company generates revenue in the form of interest income on the debt securities and dividends.

TVS Credit Services is a Chennai-headquartered non-banking financial company under the TVS Group providing loans for two-wheelers, used cars, three-wheelers, tractors, commercial vehicles, and consumer durables primarily to customers in rural and semi-urban India. Launched in 2008, it serves over 2.5 million customers with products tailored for financial inclusion and holds a CRISIL AA-/Stable long-term rating. TVS Credit operates more than 800 branches across 26 states and has received awards like the Flame Award for Excellence in Rural Marketing and Best BFSI Company at ET Now Makers of Developed India Awards 2018.

Ozon is a major Russian e-commerce marketplace offering over 130 million products across 20+ categories through a platform connecting 150000+ sellers with 31 million+ customers. Features extensive fulfillment and delivery network covering over 50% of Russia's population. Raised $1.27 billion in 2020 NASDAQ IPO. Ecosystem includes Ozon Bank fintech services Ozon Fresh express delivery and Ozon Travel booking services.

Heartland Group Holdings Ltd is engaged in the operation of the reverse mortgage. Geographically it operates in both New Zealand and Australia. It offers business loans, rural loans, home loans, car loans , personal lending services and others. Further, it is also involved in saving and deposits activity and also provides internet banking services.

BFF Bank SpA is an independent specialty finance company engaged in three business units; Factoring & Lending BU, which offers products such as non-recourse factoring, lending, and credit management mainly to public sector suppliers and public administration bodies, Securities Services BU, which deals with custodian banking for investment funds and related services such as fund accounting, and transfer agents for national managers and banks and for various investment funds such as pension funds, mutual funds and alternative funds, and Payments BU, which deals with payment processing, corporate payments, and cheques and bills and has as customers medium-small Italian banks, medium-large companies and boasts a partnership with Nexi.

Mintifi is a Mumbai-headquartered digital lending platform extending quick loans and supply chain financing to small and medium enterprises throughout India. It integrates with WhatsApp and other channels to simplify funding access and operational efficiency for business borrowers.

Credit Corp operates in the distressed consumer debt market. In its core business, it acquires purchased debt ledgers, or PDLs, in Australia and is expanding this business globally by buying PDLs in the United States. These PDLs consist of unsecured debt that are at least six months in arrears and have already been through a collection process. Since 2012, Credit Corp also diversified its business into providing consumer credit to customers who are unable to gain access to credit from primary sources such as banks because of a poor credit history. Its consumer credit business is gaining scale, but can be subject to increased regulatory scrutiny as it grows.

Credit Saison India is a Mumbai-headquartered non-banking financial company that delivers unsecured business loans to MSMEs and personal loans to individuals. Part of Japan's Credit Saison group, it offers quick-approval products with tenures up to 48 months through digital channels. Operating nationwide with branches in Delhi and Bangalore, it supports financial inclusion via co-lending partnerships with banks.

Kayne Anderson BDC Inc is an externally managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company that invests primarily in first-lien senior secured loans, with a secondary focus on unitranche and split-lien loans to middle-market companies. Its investment objective is to generate current income and, to a lesser extent, capital appreciation primarily through debt investments in middle-market companies.

Billie is a Berlin-based fintech company founded in 2016 that offers invoice financing and pay-after-delivery options for small and medium enterprises. Merchants integrate its automated solution for B2B e-commerce on platforms like Amazon and eBay Kleinanzeigen, securing working capital through factoring. The service extends payment terms up to 90 days while handling credit checks and collections.

Velocity Financial Inc is a United States-based real estate finance company. The company originates and manages investor loans secured by residential rental and small commercial properties. The company earns revenue in the form of interest income. It operates in New York, California, Florida, New Jersey, and other states.

Gojo & Company is a Tokyo-headquartered impact investor enabling financial inclusion by partnering with service providers in 13 countries across Southeast Asia, South Asia, Central Asia, the Caucasus, and Africa.

Hero FinCorp is a New Delhi-based NBFC under Hero Group, offering two-wheeler loans, business loans against property, and supply chain finance since 2012. It disburses ₹10,000 crore annually across 5,000 branches in India, financing Hero MotoCorp bikes and medical equipment for hospitals. Digital loans process in 30 minutes via app.

Nuveen Churchill Direct Lending Corp is a specialty finance company focused predominantly on investing in senior secured loans to private equity-owned U.S. middle market companies. It invest in senior secured loans that typically pay floating interest rates and are senior in the capital structure to junior debt and equity.