NEW YORK, June 15, 2015 /PRNewswire/ -- ING Capital LLC
("ING") announced today the opening of a new office in Chicago, Illinois for 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.
Media contact: Elaine Clark,
1-646-424-7021, elaine.clark@americas.ing.com
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SOURCE ING Capital LLC