Maranon Capital, L.P., a Chicago-based provider of mezzanine debt and equity financing for private equity-backed and non-sponsored middle market transactions, completed two transactions to support follow-on acquisitions at two of its existing portfolio companies, T&H Global Holdings and DayMen Group.
In November 2011, Maranon Capital expanded its senior revolving credit and term loan facilities and provided incremental mezzanine debt as well as an equity co-investment to facilitate the acquisition of Cramer, Johnson, Wiggins & Associates by T&H, a portfolio company of Flexpoint Ford.
Maranon made its initial investment in T&H in March 2011 when it provided an integrated senior and mezzanine financing solution to support Flexpoint Ford’s acquisition of the business.
In August 2011, Maranon provided additional mezzanine debt to facilitate the acquisition of Joby by DayMen. It has been the sole mezzanine lender to DayMen since Brockway Moran & Partners acquired the business in October 2010.