Huntsville, AL –News Direct– Bridgepoint Investment Banking
Bridgepoint Investment Banking (“Bridgepoint”) acted as the sole arranger of financing for Davidson Homes on their growth capital financing with Searchlight Capital.
Davidson Homes (“Davidson” or the “Company”), a Huntsville, AL-based home builder serving the Southeastern United States markets, has experienced impressive growth in recent years. The Company has sought Bridgepoint’s assistance in obtaining growth capital to support its expansion efforts in existing and new markets. Bridgepoint conducted a comprehensive capital raising process, which generated substantial market interest – both debt and preferred stock – and allowed Davidson to choose from a variety of financing structures and growth partners. Davidson finally selected Spotlight Capital due to their industry expertise and flexible financing structure.
“Bridgepoint is delighted to have advised Davidson Homes on its partnership with Searchlight,” said Bryan Wallace, Managing Director of Bridgepoint. “Adam Davidson is a visionary and is building something special at Davidson Homes – he has assembled a team and an organization ready to do great things. We are pleased to have found such an experienced partner for Davidson in Searchlight Capital who will help Adam and the Davidson Homes team to drive future growth.
Bridgepoint Director Subhash Marineni added: “We have been pleased with the market reception of this opportunity – Davidson Homes is at an inflection point and ultimately had several options with different structures to achieve a optimal capital. We are pleased to be part of the company’s story as it embarks on the next stage of its growth. »
“This capital will strengthen our balance sheet, open the doors to higher senior debt and allow us to be opportunistic in a bull or bear market. We look forward to the relationship with Searchlight,” added Davidson Homes CEO Adam Davidson.
Bridgepoint Investment Banking, a division of Bridgepoint Holdings NE, LLC, is a market-leading boutique investment bank. The Bridgepoint team, through its brokerage relationship with M&A Securities Group, Inc., an unaffiliated entity, serves clients throughout their business life cycle by providing fundraising and M&A advisory solutions. Bridgepoint serves customers worldwide in a range of targeted industries, including constructionengineering and industrial. Learn more about Bridgepoint at www.bridgepointib.com.
Founded in 2009, Davidson Homes is one of the nation’s fastest growing homebuilders, providing homebuyers throughout the Southeast United States with quality construction and materials, superior value and an unprecedented level of customization. Learn more about Davidson Homes at www.davidsonhomesllc.com.
Bridgepoint Investment Bank
Bryan Wallace, General Manager
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