Winston Churchill

Churchill Stateside Group Closes $15.4M in Financing for the Rehabilitation of a 64-Unit LIHTC Apartment Community in Summerville, SC

Retrieved on: 
Wednesday, May 8, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Urban Planning, Professional Services, Alternative Energy, Energy, Other Construction & Property, Residential Building & Real Estate, CSG, Housing, Azalea Park, Florida, Forward, CMI, AMI, Lighting, CMC, Winston Churchill, Rehabilitation, Quality of life, Commercial property

The financing for the rehabilitation of this community includes a $10,600,000 Construction Loan and a $4,850,000 Forward Permanent Loan with a 40-year amortization.

Key Points: 
  • The financing for the rehabilitation of this community includes a $10,600,000 Construction Loan and a $4,850,000 Forward Permanent Loan with a 40-year amortization.
  • This funding, arranged by Churchill Mortgage Construction LLC ("CMC") and Churchill Mortgage Investment LLC ("CMI"), subsidiaries of CSG, marks a significant milestone for the project.
  • Azalea Park Apartments aims to address the housing needs of the Summerville area while fostering economic growth and opportunity.
  • Michael Spain, VP, Southeast Regional Director for CSG, said, “We at Churchill Stateside Group are committed to supporting the revitalization of affordable housing communities across the country.

Churchill Stateside Group Attends Southwest Mortgagee Advisory Council’s 2024 Conference

Retrieved on: 
Wednesday, May 8, 2024
Public Policy, Government, Social Services, Other Construction & Property, Climate Change, Advocacy Group Opinion, Residential Building & Real Estate, Commercial Building & Real Estate, Environment, Construction & Property, Other Energy, Urban Planning, Finance, REIT, Banking, Energy, Professional Services, Philanthropy, White House, Federal Government, Foundation, Storm, Climate change, Factorization of polynomials, Policy, CSG, Creditor, Mortgage law, Region, HUD, Letter, Wind, Senior, SWAC, FHA, Winston Churchill, MAP

The Southwest Mortgagee Advisory Council (SWAC), a non-profit industry trade group for FHA Multifamily Accelerated Processing (MAP) Lenders and third-party firms in the Southwest region, held its annual conference in Fort Worth, Texas.

Key Points: 
  • The Southwest Mortgagee Advisory Council (SWAC), a non-profit industry trade group for FHA Multifamily Accelerated Processing (MAP) Lenders and third-party firms in the Southwest region, held its annual conference in Fort Worth, Texas.
  • The event brought together industry experts and stakeholders for informative discussions and valuable networking opportunities in which members of Churchill were in attendance.
  • Keith J. Gloeckl, CEO of Churchill Stateside Group (CSG), stated “As a HUD MAP Lender, we, at Churchill, feel it is very important for our HUD staff to attend these regional meetings.
  • One item of particular importance highlighted was the release of Mortgagee Letter: 2024-05, Wind or Named Storm Insurance Coverage.

Churchill Serves as Sole Lead Arranger for a First Lien Credit Facility to Support Wynnchurch Capital’s Acquisition of Handgards

Retrieved on: 
Friday, April 19, 2024
Finance, Packaging, Chemicals, Plastics, Professional Services, Manufacturing, Restaurant, Bar, Food, Beverage, Retail, Asset Management, Acquisition, Winston Churchill, Partnership, Ship, Growth, Financial services

Churchill Asset Management (“Churchill” or the “Firm”) today announced that it served as Sole Lead Arranger for a first lien credit facility to support the acquisition of Handgards (the “Company”) by Wynnchurch Capital, L.P. (“Wynnchurch").

Key Points: 
  • Churchill Asset Management (“Churchill” or the “Firm”) today announced that it served as Sole Lead Arranger for a first lien credit facility to support the acquisition of Handgards (the “Company”) by Wynnchurch Capital, L.P. (“Wynnchurch").
  • Headquartered in El Paso, Texas, Handgards is a leading distributor of foodservice products, including disposable gloves, reclosable bags, tabletop items, expendables, and other carryout products.
  • The Company operates eight facilities with over one million square feet of space and ships over 18 million cases of product annually.
  • “Churchill served as a terrific partner throughout the Handgards transaction process,” said Mike MacKay, Principal at Wynnchurch.

Churchill Stateside Group Closes Record Setting Preserve at Hanover Park Completing Largest USDA-RD 538 Loan in U.S. History, $53.8M

Retrieved on: 
Wednesday, April 17, 2024
Commercial Building & Real Estate, Construction & Property, Finance, Other Energy, Urban Planning, REIT, Professional Services, Energy, Other Construction & Property, Residential Building & Real Estate, Preserve, Production, Housing, CSG, Partnership, USDA, History, USDA Rural Development, SVP, Senior, Workforce, Multimedia, Winston Churchill, Bank

The financing for Preserve at Hanover Park is provided by Churchill Mortgage Investment LLC (“CMI”), a subsidiary of CSG.

Key Points: 
  • The financing for Preserve at Hanover Park is provided by Churchill Mortgage Investment LLC (“CMI”), a subsidiary of CSG.
  • This $53,875,000 Construction Advance Loan marks the largest USDA-RD 538 loan in U.S. history providing financing for both the construction and permanent phases of this community.
  • It is also planned that there will be commercial businesses included as part of the Preserve at Hanover Park community.
  • Workforce housing, like Preserve at Hanover Park, brings increased opportunity to employers and employees making it substantially beneficial to local economies.

ALTADIS U.S.A. LAUNCHES ROMEO Y JULIETA 1875 'RUN FOR THE ROSES' COMMEMORATIVE EDITION CIGAR TO CELEBRATE THE 150TH KENTUCKY DERBY

Retrieved on: 
Monday, April 15, 2024
Partnership, Marketing, History, Altadis, Single, Run for the Roses, Winston Churchill, Limited, Tobacco

Founded in 1875, the same year as the first Kentucky Derby, Romeo y Julieta is one of the most well-known global cigar brands, steeped in its own rich history, legacy and tradition.

Key Points: 
  • Founded in 1875, the same year as the first Kentucky Derby, Romeo y Julieta is one of the most well-known global cigar brands, steeped in its own rich history, legacy and tradition.
  • The Romeo y Julieta 1875 'Run for the Roses' 150th Kentucky Derby Commemorative Edition cigar will be available in two formats: a 50 x 6 Exhibicion No.
  • 3 Toro (Box 15-MSRP: $20 per cigar) and a commemorative 50 x 7 Churchill (Single cigar coffin box-$25 per cigar).
  • Limited to just 2,000 single cigar boxes, this commemorative edition is a rare treasure for cigar aficionados and Kentucky Derby memorabilia enthusiasts alike.

Nautic Partners Announces Acquisition of SurfacePrep in Partnership With Management

Retrieved on: 
Friday, February 23, 2024
Professional Services, Other Natural Resources, Manufacturing, Finance, Natural Resources, Other Manufacturing, Acquisition, Multimedia, Partnership, Nautic Partners, Growth, MRO, Winston Churchill, McDermott Will & Emery, KeyBank, Gibson Dunn, Partner, Antares

Nautic Partners, LLC (“Nautic”) is pleased to announce that it has completed the acquisition of SurfacePrep, in partnership with management.

Key Points: 
  • Nautic Partners, LLC (“Nautic”) is pleased to announce that it has completed the acquisition of SurfacePrep, in partnership with management.
  • View the full release here: https://www.businesswire.com/news/home/20240223373826/en/
    Headquartered in Grand Rapids, Michigan, SurfacePrep is a leading national and international distributor of surface enhancement solutions.
  • Mike Currie, CEO of SurfacePrep, said, “This partnership with Nautic marks an exciting new chapter for SurfacePrep, with a focus on accelerating performance while continuing to provide our customers the excellent service, solutions, and products they expect.
  • KeyBanc Capital Markets and Gibson, Dunn & Crutcher LLP advised SurfacePrep.

Churchill’s Randy Schwimmer Named 2023 “Thought Leader of the Year” by the Alliance of Mergers & Acquisitions Advisors (AM&AA)

Retrieved on: 
Wednesday, February 7, 2024
Banking, Asset Management, Professional Services, Finance, Senior, Winston Churchill, Research, Overalls, Mergers and acquisitions, AA, Publication, Conference, Management

The prestigious award recognizes leaders in the private middle market community who create and advocate innovative ideas that add value to the M&A marketplace.

Key Points: 
  • The prestigious award recognizes leaders in the private middle market community who create and advocate innovative ideas that add value to the M&A marketplace.
  • Randy is the founder and publisher of The Lead Left , an industry-leading capital markets newsletter and premiere source on middle market finance trends that he started in 2008.
  • In return, he has created tremendous awareness and is fueling further interest to a once lesser-known area of the market.
  • The “Thought Leader of the Year” award was presented at the AM&AA Winter Conference in Charleston, South Carolina on February 1, 2024.

Churchill Asset Management Announces 2024 Promotions, Expands Operating Committee and Establishes New Executive Committee

Retrieved on: 
Monday, January 8, 2024
Banking, Asset Management, Professional Services, Finance, Growth, Executive Committee, Partnership, Risk, Creativity, Winston Churchill, Whaling

Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, today announced its 2024 promotion class.

Key Points: 
  • Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies, today announced its 2024 promotion class.
  • Positioning the firm for continued growth, six senior professionals have also been added to Churchill’s Operating Committee, which oversees day-to-day operational matters, and a new Executive Committee has been established (reporting to the CEO), responsible for management of the firm and setting overall strategic direction for the business.
  • Effective immediately, the Executive Committee members are:
    The Operating Committee now consists of the following 12 members:
    The Operating Committee will report to the newly established Executive Committee.
  • I am confident that in his new position, Randy will continue to bring his unmatched creativity and exemplary leadership to further elevate our business.”

Churchill Asset Management Closes Second Collateralized Fund Obligation Investing in Nuveen Private Capital Flagship Strategies

Retrieved on: 
Monday, December 18, 2023
Finance, Banking, Professional Services, Other Professional Services, Asset Management, Private Equity International, Winston Churchill, Senior, LLP, CFO, Insurance, Dechert, TIAA, Bookrunner, Sole, Security (finance), Nuveen

Churchill Asset Management LLC, an investment-specialist of Nuveen that provides customized financing solutions to private equity firms and their U.S. portfolio companies, has closed its second collateralized fund obligation (“CFO”).

Key Points: 
  • Churchill Asset Management LLC, an investment-specialist of Nuveen that provides customized financing solutions to private equity firms and their U.S. portfolio companies, has closed its second collateralized fund obligation (“CFO”).
  • The $190 million CFO will invest across the flagship strategies of Churchill and Arcmont Asset Management Limited, the operating businesses of Nuveen Private Capital, including U.S. senior lending, junior capital and equity co-investment, as well as European direct lending and capital solutions.
  • Nuveen Private Capital formed in March 2023 when Nuveen acquired London-based Arcmont, which in combination with Churchill, has created a $74 billion private capital platform and one of the world’s largest private credit managers.
  • Compared to precedent structures, this CFO will be majority senior lending focused, while also maintaining strong alignment with Nuveen Private Capital’s ultimate parent company, TIAA.

AustralianSuper increases Churchill Asset Management partnership to US$1.5 billion

Retrieved on: 
Wednesday, December 13, 2023
Banking, Asset Management, Professional Services, Finance, Equilibrium, Winston Churchill, Acquisition, Fund, WTW, Investment, OID, History, Thought, TIAA, Pension, Ageing, Partnership, Retirement, Environment, Pension fund, Security (finance), Bank, Nuveen, AustralianSuper

AustralianSuper, Australia’s largest superannuation fund, today announced it has increased the program size of its partnership with Churchill Asset Management, an investment specialist affiliate of Nuveen, to US$1.5 billion.

Key Points: 
  • AustralianSuper, Australia’s largest superannuation fund, today announced it has increased the program size of its partnership with Churchill Asset Management, an investment specialist affiliate of Nuveen, to US$1.5 billion.
  • Churchill is the US$47 billion U.S. private capital investment-specialist of Nuveen, the asset manager of TIAA.
  • In 2022, Nuveen expanded its private debt platform with the acquisition of Arcmont Asset Management, covering the European market.
  • Ken Kencel, President and CEO of Churchill said:
    “We are excited to grow our partnership with AustralianSuper, Australia’s largest superannuation fund, and increasingly an investment leader on the global stage.