Silver Point Leads $130 Million Financing Supporting the Acquisition of Hoover CS by The Riverside Company

GREENWICH, Conn., Nov. 10, 2026 /PRNewswire/ -- Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has led a $130 million facility supporting the acquisition of Hoover Circular Solutions Limited (Hoover CS), a leading provider of sustainable packaging, fleet management and logistics solutions, by The Riverside Company. Silver Point was the sole lender in the facility.

Headquartered in Houston, Texas, Hoover CS provides sustainable packaging, fleet management and logistics solutions to refining, chemical, energy and industrial customers globally. The company operates one of the industry's largest mixed rental fleets of specialized assets across North America, Europe, the Middle East and Asia-Pacific. Its Catalyst Packaging business provides closed-loop logistics for fresh and spent catalyst used in refineries, and its Chemical Packaging business supplies intermediate bulk containers (IBCs) and intermodal ISO tanks for specialty and hazardous chemicals.

"Hoover CS has built a differentiated platform with long-standing customer relationships and solutions serving critical needs for refining and chemical customers," said Anthony DiNello, Head of Direct Lending at Silver Point Capital. "We are pleased to partner with The Riverside Company and provide a customized financing solution to support Hoover CS as it strengthens operations and accelerates growth."

About The Riverside Company
The Riverside Company is a global investment firm focused on being one of the leading private equity and flexible capital options for business owners and portfolio company employees at the smaller end of the middle market by seeking to fuel transformative growth and create lasting value. Since its founding in 1988, Riverside has made more than 1,100 investments. The firm's international private equity and flexible capital portfolios include more than 140 companies. For more information, visit www.riversidecompany.com.

About Silver Point 
Silver Point is a leading global credit investing firm founded in 2002. With a dedicated team of over 400 employees, Silver Point oversees over $52 billion in investable assets across a comprehensive credit platform that includes public and private investment strategies. Silver Point's Direct Lending business works in close partnership with both private equity-backed and sponsor-less borrowers, with a flexible mandate designed to allow clients to execute on M&A, refinancings and growth capital, among a range of transaction types. Silver Point's Direct Lending business manages over $18 billion in investable assets. For more information, please visit www.silverpointcapital.com.

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SOURCE Silver Point Capital