ING Capital LLC said Monday that it has opened an office in Chicago for its Acquisition Finance Group in the Americas. ING’s Chicago office will provide origination and underwriting of cash flow and asset-based loans in support of middle market leveraged buyouts and recapitalizations throughout the Midwest.
NEW YORK, June 15, 2015 /PRNewswire/ — ING Capital LLC (“ING”) announced today the opening of a new office in Chicago, Illinoisfor its Acquisition Finance Group in the Americas (“AFG”). This adds to ING’s current U.S. office locations in New York, Atlanta, Dallas,Houston and Los Angeles. The Chicago office will bring the total number of employees in AFG to 23.
AFG is led by William Povey, ING’s Group Head of Acquisition Finance. The new Chicago office will focus on providing origination and underwriting of cash flow and asset-based loans in support of middle market leveraged buyouts and recapitalizations throughout the Midwest.
“ING has seen steady demand from corporations and private equity firms in the Midwest, with a meaningful portion of AFG’s US activity now stemming from this region,” said Mr. Povey. “Opening an office in Chicago is in response to that demand, and is a natural progression of our growth story in the Americas.”
AFG is an active leveraged loan investor supporting the private equity community and remains a reliable and competitive source of capital throughout all economic cycles dating back over twenty-five years. AFG’s product suite includes senior secured amortizing and bullet maturity term loans, revolving credit facilities, and through its affiliates, subordinated debt private placements and interest rate and foreign exchange derivatives.
The opening of the Chicago office is the latest step in ING’s strategic growth plan in the Americas.
ING’s new office is located at 70 West Madison Street, Chicago, IL 60602.
ING CAPITAL LLC – PROFILE
ING Capital LLC is a financial services firm offering a full array of wholesale financial lending products and advisory services to its corporate and institutional clients. ING Capital LLC is an indirect U.S. subsidiary of ING Bank NV, and a part of ING Group (NYSE: ING), a global financial institution of Dutch origin. The purpose of ING Bank is empowering people to stay a step ahead in life and in business.