mezzanine financing

Morgan Stanley Credit Partners has provided $38m in mezzanine debt financing as part of the acquisition of Lyndhurst, NJ-based Englewood Tire Wholesale by Terry’s Tire Town. Led by CEO Will Tolerton and based in Alliance, Ohio, Terry’s Tire Town is a regional tire distribution company majority-owned by private investment firm Talisman Capital Partners. Part of […]

Weaver Express Blower Services, LLC, a Sugarcreek, OH-based installer and manufacturer of filter socks and other compost-based products for erosion and sediment control applications, has received a controlling equity investment of undisclosed amount from JWI Capital, LLC. Chicago-based mezzanine debt fund Aldine Capital Partners provided mezzanine capital and an equity co-investment to support the investment […]

WorkForce Software, a Livonia, Michigan-based provider of workforce management solutions for organizations with complex labor policies and stringent compliance demands, has raised $17m in Series A and mezzanine financing. Backers include K1 Capital and Triangle Capital Corporation (NYSE: TCAP). The company intends to use the capital to expand its market presence globally as well as […]

Private equity firm NiXEN has signed an LBO to acquire a controlling stake in French Babeau Seguin, a builder of single-family detached homes in northeastern France. Conducted by NiXEN, this transaction is structured around management, which is making a substantial re-investment alongside existing financial partners Siparex, CM-CIC, Carvest and Somfy Participations. In addition, Pechel and Avenir […]

Istanbul Venture Capital Initiative (iVCi), Turkey’s fund of funds and co-investment programme advised by the European Investment Fund (EIF), is supporting the Darby Converging Europe Fund III, with a €17.5m commitment. In addition, EIF is putting an extra €35m into this Fund through its Mezzanine Facility for Growth Mandate. Managed by Darby Overseas Investments to target Central and […]

Patersons, a global provider of integrated global payroll services, has completed a $6.45m mezzanine financing round. The round was led by Rho Ventures, with participation from existing investors and the company’s management team. The company intends to use the funds to accelerate global growth and expand its platform. Led by CEO Andrew Pearson, Patersons delivers […]

Humanetics Innovative Solutions, a Plymouth, Michigan-based designer and manufacturer of sophisticated crash test dummies as well as developer of finite element software models used in computerized crash test simulations, has received a growth financing of undisclosed amount from Maranon Capital. The financing consisted of a senior revolving credit facility, term loan plus mezzanine debt. The […]

BB&T Capital Partners, a Winston-Salem, NC-based lower middle market-focused private equity and mezzanine provider, has held the final close of its second fund at $227m. Structured as a Small Business Investment Company (SBIC), BB&T Capital Partners Mezzanine Fund II invests $5m to $20m per transaction in subordinated debt and equity in privately held middle market […]

CTI Groupe, a French supplier of industrial boilers for the nuclear industry, has received a strategic investment from H.I.G. Europe. Debt financing was provided by a pool of senior banks and mezzanine debt by Bayside Credit Partners, H.I.G.’s direct-lending arm. With the transaction, H.I.G. Europe has acquired a significant equity stake in the company. The proceeds are being […]

KKR Asset Management has closed its mezzanine fund, KKR Mezzanine Partners I, at over $1.0 billion. Backers include a diverse group of global partners such as insurers, pension plans, family offices and sovereign pools of capital. Recent transactions include providing the mezzanine financing that facilitated Advent International Corp.’s and Bain Capital Partners’ acquisition of payment […]

First Capital Partners, LLC, an Omaha, Nebraska-based investment firm, has closed on a $91m fund. Investors include First National Bank of Omaha, which committed $30m, and other backers, a majority of which are based in Nebraska. FCP Fund II, L.P. will make subordinated (mezzanine) debt and private equity investments in privately-owned companies with revenues between $10m and […]

Vulcanic, a French designer and manufacturer of electrical heating and cooling solutions for industrial applications, was recently acquired by Abénex Capital alongside Chairman Christian Schott and his team. The mezzanine financing supporting the transaction was arranged and underwritten by AXA Private Equity. The acquisition (from 21 Centrale Partners) and the proceeds from the financing will […]

EQT VI has acquired the Swedish health care company Atos Medical from Nordic Capital Fund V, board directors and employees. Nordic Capital Fund V owned a 94.6% stake in the company, while board directors and employees the remaining 5.4%. The transaction has also been financed with senior facilities provided by Danske Bank, DnB NOR and […]

CODi, Inc., a Harrisburg, PA-based provider of laptop computer carrying cases and mobile computer accessories to Fortune 500 companies, has received a subordinated debt financing from NewSpring Mezzanine Capital. As stated by James Bland, CEO of the company, “NewSpring’s support will help fuel our continued expansion and growth in the years to come“. Founded in […]