Los Angeles, CA (July 2021) – Avante Capital Partners, a women-owned private credit and structured equity firm, is pleased to announce the completion of a subordinated debt investment in Corporate Relocation International, LLC (“CRI”) to support a portfolio company refinancing by ShoreView Industries, a Minneapolis-based private equity firm that has raised over $1.3 billion of committed capital across four funds. Founded in 1987 and headquartered in Carrollton, TX, CRI is a full-service relocation company providing comprehensive employee mobility solutions to a diverse set of corporate clients with a focus on executive-level moves.
“We are thrilled to have Avante’s support of the CRI platform,” said Adam Reeves, Partner at ShoreView Industries. “Avante continues to impress with their flexibility and speed of execution and we have no doubt they will be value-added partners as they have been over the years.”
“We are excited to partner with ShoreView Industries again and believe CRI is a highly-attractive platform with a compelling value proposition for corporate moves. The CRI team has built a successful business in a targeted niche and we look forward to supporting the platform’s continued success,” said Ivelisse Simon, Managing Partner at Avante Capital Partners.