Candlewood Partners is pleased to announce its role as the exclusive financial advisor to Cambridge Capital and its portfolio company, STAT, in securing debt financing to support its acquisition of The Moresby Group (“Moresby”), a category-defining specialist in long-tail procurement optimization for Fortune 1000 enterprises.
Candlewood supported STAT and Cambridge Capital throughout the entirety of the process, including facilitating lender due diligence, structuring of the transaction, and negotiation of financing-related documentation.
“We were excited to have the opportunity to work with STAT again,” said Natan Milgrom, Managing Director at Candlewood Partners. “The shared vision between Cambridge, the STAT team, and the Moresby founders created the opportunity to build a platform that is uniquely capable in delivering value to its clients across both sides of the balance sheet. We enjoyed getting to partner with everyone on a transformative transaction that will accelerate the growth of the STAT platform.”
Matt Smalley, General Partner of Cambridge Capital, said, “It was a pleasure to work with Natan and the Candlewood team for the third time in the last ten months across multiple Cambridge portfolio companies. As with most transformational portfolio add-on opportunities, we were under a very tight timeline to close and in this specific situation we also had a complex cross-border corporate entity and debt structure to manage. Candlewood contacted the highest probability parties, immediately qualified the best ones to engage with, and worked tirelessly to advocate for the best structure for us. We are excited about bringing together STAT and Moresby and look forward to future engagements with Candlewood.”
ABOUT CANDLEWOOD PARTNERS
Candlewood Partners is a Cleveland, New York, and South Florida-based boutique investment bank and advisory firm. Our focus is middle market capital raising, restructuring advisory, lender services, and M&A execution. Since 2001, Candlewood has supported the needs of private businesses, small cap public companies, private equity and independent sponsors, and private credit lenders. We leverage decades of experience to maximize value for our clients, successfully navigating complex engagements across diverse industries and markets worldwide.
ABOUT CAMBRIDGE CAPITAL
Cambridge Capital is an investment firm focused on the supply chain sector. The firm provides private equity to finance the expansion, recapitalization, or acquisition of growth companies in transportation, logistics, and supply chain technology. Cambridge partners with management teams to drive operational improvement and long-term value creation. For additional information, visit http://cambridgecapital.com.
ABOUT STAT
STAT is a leading, technology-enabled revenue recovery platform helping retail suppliers maximize recoveries and reduce unwarranted deductions from major retailers including Walmart, Target, and Amazon. Through proprietary software, automation, and deep industry expertise, STAT delivers industry-leading recovery rates while minimizing operational burden for customers. For additional information, visit http://statrecovery.com.
ABOUT THE MORESBY GROUP
The Moresby Group is a category-defining specialist in long-tail procurement optimization, helping Fortune 1000 enterprises reduce costs and improve working capital through targeted supplier negotiations. Founded by McKinsey procurement alumni, Moresby combines proprietary analytics, AI-enabled tools, and elite execution to deliver rapid, measurable results for enterprise clients. For additional information, visit http://moresbygroup.com.
Candlewood Partners, LLC
Established 2001
