Silver Point Capital Provides $130 Million Financing for The Riverside Company's Acquisition of Hoover CS
Silver Point Capital's Direct Lending business has led a $130 million financing facility to support the acquisition of Hoover Circular Solutions Limited (Hoover CS) by The Riverside Company. Silver Point acted as the sole lender in this transaction, providing customized capital to facilitate the buyout. Headquartered in Houston, Hoover CS is a global provider of sustainable packaging, fleet management, and logistics solutions for the refining, chemical, energy, and industrial sectors. The company operates an extensive mixed rental fleet across North America, Europe, the Middle East, and Asia-Pacific, specializing in closed-loop catalyst logistics and hazardous chemical packaging.
Topics: Acquisition Financing Direct Lending Private Equity Sustainable Packaging