Churchill’s Private Equity & Junior Capital team completes direct investment alongside Shoreline Equity Partners in Career Now

Charlotte, NC, November 3, 2021 – Churchill Asset Management (“Churchill”) today announced a direct investment in support of Shoreline Equity Partners (“Shoreline”) in their acquisition of Career Now Brands (“Career Now” or the “Company”), a tech-enabled recruiting service provider to the commercial trucking market along with other industries with high  turnover. Since its founding in 2010, Career Now has successfully leveraged its proprietary technology to target high-quality hiring leads within a vast, unique database of qualified candidates.

“Career Now is a market leading recruiting service due to its best-in-class technology which delivers consistent, high-quality lead generation at industry leading value,” said Lucas Fries, a Vice President on Churchill’s Private Equity & Junior Capital team. “We are excited to partner with Shoreline in support of their acquisition. Career Now is a strong fit for Shoreline’s investment strategy given the Company’s leading reputation, recurring customer relationships and strong value proposition”.

This represents the second transaction Churchill’s Private Equity & Junior Capital team has completed in support of Shoreline Equity Partners.

About Churchill Asset Management LLC

Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure. With $33 billion of committed capital, Churchill provides first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, best in class execution and investment are driven by more than 100 professionals in New York, Charlotte and Chicago. More information can be found at www.churchillam.com.

About Shoreline Equity Partners

Shoreline is a lower middle market private equity firm focused on actively partnering with leading management teams. Shoreline follows a total stakeholder model, meaning success should be a “win-win” proposition for shareholders, employees, customers, vendors, and the communities within which the Firm’s companies operate. Shoreline professionals believe in honesty, incentive alignment, and creating bigger, better businesses without relying on financial engineering or cost cutting to generate returns. Investing out of the Firm’s inaugural $300 million fund, Shoreline seeks to lead equity investments of up to $100 million per transaction in support of buyouts, recapitalizations, and corporate divestitures. Targeted businesses have enterprise values ranging from $25 million to $250 million and EBITDA of $3 million to $25 million. The Firm strives to partner with management teams of businesses primarily within the specialized manufacturing, value-added distribution, and business and facility services sectors, among others. For further information about Shoreline Equity Partners, please visit https://shorelineequitypartners.com/.

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Churchill Asset Management is a registered investment advisor and majority-owned, indirect subsidiary of Teachers Insurance and Annuity Association of America. Certain Nuveen products are advised by Nuveen Alternatives Advisers LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, Member FINRA and SIPC.

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Churchill Asset Management
Location
430 Park Avenue, 14th Floor
New York, NY 10022
Phone
(212) 478-9200
Email
info@churchillam.com

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The material is for informational purposes only and should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. Certain products and services may not be available to all entities or persons. Past performance does not guarantee future results. Please note investments in middle market loans are subject to various risk factors, including credit risk, liquidity risk and interest rate risk. Churchill Asset Management LLC is a majority-owned subsidiary and member of the TIAA group of companies.