Overland Advantage Continues to Differentiate Itself in Providing Custom Financing Solutions to Middle Market Companies
NEW YORK, July 21, 2025 /PRNewswire/ -- Year-to-date, Overland Advantage ("Overland"), a business development company (BDC) with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo & Company ("Wells Fargo"), financed nine new transactions, arranging capital with an aggregate value of $2.0 billion.
Through solutions provided by Overland and Wells Fargo, companies secured unique, flexible and cost-effective financing solutions to help advance their strategic objectives alongside supportive banking products from Wells Fargo. These transactions bring the total aggregate value of Overland and Wells Fargo deals to $4.8 billion across 16 transactions since Overland began investing in Q2 2024, and since inception, Overland has independently structured and led ~95% of the credit facilities that it has invested in.
"Despite a competitive environment and challenging market conditions, Overland – an innovative platform that draws on the complementary capabilities of both Centerbridge and Wells Fargo – has successfully delivered for borrowers since inception," said Gavin Baiera, CEO and Trustee of Overland Advantage and Senior Managing Director at Centerbridge. "Our progress reflects the thoughtful execution of our vision, the creative nature of our direct lending solutions, and the strength of our relationship with Wells Fargo."
"In less than one year, Overland has built a strong reputation among middle market companies seeking capital," said David Marks, Executive Vice President at Wells Fargo Commercial Banking. "Our relationship managers and clients have embraced Overland as a powerful private credit tool to support their most important transactions."
The transactions Overland and Wells Fargo have completed year-to-date in 2025 include:
- Led a term loan for Hand Family Companies, a wholesaler based in the Midwest and East South-Central regions
- Led a first lien credit facility for Jones Industrial Holdings, a provider of industrial maintenance and repair services based in the Southwest.
- Led a term loan for Southern Crown Partners, a beverage distributor in the Southeast
- Led a first lien credit facility for Sunset Distributing, a distribution platform serving the West Coast market
- Led a first lien credit facility for USG Water, a service provider focused on maintaining water infrastructure assets
- Led a first lien credit facility for an energy management provider based in the Northeast
- Led a first lien credit facility for an industrial maintenance provider based in the Midwest
About Overland Advantage
Overland provides innovative lending solutions to founder, family and sponsor-owned middle market companies in North America and allows businesses to pursue their most important strategic goals.
Overland benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, a leading commercial bank in the U.S. Overland borrowers can benefit from more seamless access to Wells Fargo's differentiated treasury management, investment banking services and senior bank capital and Centerbridge's leading private and alternative credit investment capabilities. Overland offers a unique, relationship-driven solution to meet the capital needs of privately owned middle market businesses, many of which have limited connectivity to private credit solutions.
Overland is advised by Overland Advisors, LLC, which is managed by Overland Advisors Holdings, LLC, a controlled affiliate of Centerbridge Partners, L.P. and an entity in which Wells Fargo has a significant, non-controlling minority equity investment.
For more information about Overland, visit www.overland-advantage.com.
About Wells Fargo
Wells Fargo & Company (NYSE:WFC) is a leading financial services company that has approximately $2.0 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune's 2025 rankings of America's largest corporations.
News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com LinkedIn: https://www.linkedin.com/company/wellsfargo
Contacts
Kekst CNC
Jeremy Fielding / Anntal Silver / Daniel Hoadley
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SOURCE Overland Advantage