LBC Credit Partners Provides a Senior Secured Credit Facility to Support the Recapitalization of Gamo Outdoor S.L. and Daisy Manufacturing Company
Oct 01, 2017
Deal announcements
Philadelphia, PA, October 2, 2017-LBC Credit Partners ("LBC"), a leading provider of financing solutions to middle market companies, provided a $62.0 million senior secured credit facility to support the recapitalization of Gamo Outdoor S.L. ("Gamo") and Daisy Manufacturing Company ("Daisy"). Gamo and Daisy are portfolio companies of Bruckmann, Rosser, Sherrill & Co. ("BRS").
LBC served as Agent for the senior secured credit facility.
Gamo, based in Barcelona, Spain, is the premier global provider of high-quality airguns, pellets, optical equipment, airsoft products, related consumables and outdoor accessories.
Daisy, based in Rogers, Arkansas, is the leading manufacturer and marketer of youth airguns and accessories.
BRS is a New York-based private equity firm with combined capital invested of over $1.2 billion across three investment partnerships, focused on investing in middle market consumer goods and services businesses. BRS seeks to partner with management while allowing them operational freedom with long-term equity incentives and support. Since 1996, BRS has purchased over 50 portfolio companies for aggregate consideration of over $6.9 billion. In addition, BRS portfolio companies have completed over 40 add-on acquisitions.
About LBC Credit Partners
LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With over $2.9* billion of capital commitments, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. LBC is headquartered in Philadelphia, with offices in Chicago, New York and Los Angeles. To learn more, visit www.lbccredit.com.
*Information as of September 2017