Minneapolis, MN, July 2020 – Spell Capital Mezzanine is pleased to announce a subordinated debt investment in CIS Credit Solutions (“CIS”) to support its acquisition of Avantus.
CIS, a portfolio company of Smithsonian Capital and headquartered in Allamuchy, NJ, is a provider of outsourced credit reporting and investigation services to the residential mortgage originations industry (mortgage lenders, banks and mortgage brokers who provide various mortgage products such as first and second mortgages, home equity lines and reverse mortgages). Avantus, headquartered in West Haven, CT, is a provider of credit reporting and investigation services. The combined business will be headquartered in West Haven, CT.
Spell Capital Mezzanine has significant capital available and is actively seeking new investment opportunities.