LBC Credit Partners Provides Financing to Support Middle Market Private Equity Initiatives
Jun 24, 2010
Deal announcements
LBC Credit Partners, a leading provider of financing solutions to middle market companies, today announced funding two loans supporting private equity sponsor initiatives. The financings consisted of a $10 million mezzanine loan for a recapitalization/acquisition by a manufacturer of branded and private label disposable infection prevention products for the medical, dental and acute care markets, and a $15 million unitranche loan to support the acquisition of a leading manufacturer of automotive air conditioning products.
These transactions mark our 6th and 7th financings this year supporting middle market equity sponsors. Our broad range of financing solutions for the middle market provides sponsors with flexible alternatives to facilitate the achievement of long-term objectives for their portfolio companies, said John Brignola, a partner with LBC.
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 to companies with EBITDA generally greater than $10 million. LBC follows a long-term approach to investing adhering to a lend and hold strategy and typically invests $10 million to $50 million per transaction supporting acquisitions, growth strategies, refinancings, recapitalizations, and restructurings. LBC has more than $1 billion of capital under management and has made investments in a wide range of industries located throughout North America.