Columbus, OH-based Oxer Capital, Inc., has launched a mezzanine fund designed to fill the capital needs of lower middle-market private businesses.
Oxer BCP Mezzanine Fund, L.P., a Small Business Investment Company (SBIC) licensed by the U.S. Small Business Administration (SBA), raised over $122m from established community banks located throughout the Great Lakes region, accredited individuals and SBA.
Created by regional bank mezzanine capital investors Mark Bahlmann and Frank Capella as well as private company investor/advisor Dan Phlegar, Oxer is actively looking to invest in profitable and growing businesses, primarily located in the Great Lakes region with annual revenues between $10 million and $100 million.
The investment firm’s business model focuses on making direct, privately negotiated, non-control investments ranging from $2 million to $10 million per company.
Typical uses of capital include growth initiatives, management buyouts, acquisitions, recapitalizations and employee stock ownership plans.