Spell Capital Partners Launches New Fund

Spell Capital Partners has launched a new fund – Spell Capital Mezzanine Partners – to make subordinated debt and minority equity investments in lower middle market companies. The firm also said that the fund was formed with the addition of investment professionals Mark McDonald, Andrew Leonard and Stacy Harmsen. Spell Capital Mezzanine Partners will have approximately $120 million to invest in private equity sponsored buyouts, management and family-driven ownership transitions, acquisitions, recapitalizations and growth-related investments, the firm said.

PRESS RELEASE

Spell Capital Partners, LLC (“Spell Capital”) today announced the launch of Spell Capital Mezzanine Partners, a new fund that will make subordinated debt and minority equity investments in lower middle market companies. Spell Capital Mezzanine Partners was formed with the addition of Mark McDonald, Andrew Leonard and Stacy Harmsen, a team of mezzanine investment professionals who built a highly successful track record investing together over the last decade.

“We are very pleased to add this complementary business to our firm, giving us the ability to offer a full range of investment alternatives to lower middle market businesses seeking capital,” said William Spell, President of Spell Capital. “Now, in addition to an outright sale or change of control transaction executed by Spell Capital Private Equity, a business owner may choose a less dilutive alternative in the form of a subordinated debt or minority equity investment executed by Spell Capital Mezzanine Partners,” said Spell. “We’ve added a highly experienced and professional team that has made more than 50 mezzanine investments in lower middle market companies over the last decade, including 7 transactions with Spell Capital during that period.”

Spell Capital Mezzanine Partners will have approximately $120 million to invest in private equity sponsored buyouts, management and family-driven ownership transitions, acquisitions, recapitalizations and growth-related investments.

About Spell Capital
Spell Capital is an established manager of private equity and mezzanine capital based in Minneapolis, Minnesota (www.spellcapital.com).

Spell Capital Private Equity is engaged in the acquisition of controlling interests in well-managed, historically profitable industrial manufacturing businesses. Spell Capital Private Equity has executed over 70 transactions in the lower middle market since its founding in 1988 and is currently seeking platform investments for Spell Capital Partners Fund IV, LP, as well as add-on acquisitions for existing portfolio companies.

Spell Capital Mezzanine Partners provides subordinated debt and non-control equity to businesses in a variety of industries across the United States, targeting companies with $3 – 15 million of EBITDA, high-quality management, diverse revenue streams, stable and growing end-market demand, defensible market positions and sustainable free cash flow.

Related Posts

Leave a Reply

PEHUB Community

Join the 12503 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget