Babson Capital Backs One Rock Capital’s Buy of Summit Research Labs

Babson Capital Management LLC said on Wednesday that it has made an equity co-investment to support One Rock Capital Partners’ buy of Summit Research Labs. No financial terms were disclosed. Based in Huguenot, New York, Summit is a producer of ingredients used in antiperspirants.

PRESS RELEASE

SPRINGFIELD, Mass. (June 12, 2013) – Babson Capital Management LLC, a global investment management firm with more than $180 billion in assets under management and operations on four continents, today announced that it made an equity co-investment to support One Rock Capital Partners’ acquisition of Summit Research Labs Inc.
Based in Huguenot, New York, Summit is the leading global manufacturer of the active ingredients used in antiperspirants. About half of the firm’s revenues are derived from customized formulations developed for specific customers.
“One Rock Capital Partners, LLC is pleased to expand our partnership with Babson Capital through our investment in Summit,” said Tony W. Lee, Managing Partner at One Rock. “The ability of Babson Capital to provide a comprehensive suite of private finance solutions and its emphasis on strong, long-term sponsor relationships make it an ideal partner for One Rock Capital.”
“Babson Capital is grateful for the opportunity to partner with One Rock on its investment in Summit,” said Michael L. Klofas, Managing Director and Head of the U.S. Mezzanine & Private Equity Group. “One Rock’s specialty chemicals experience will enhance its ability to provide operational and strategic support to the management team, and we look forward to participating in Summit’s growth in becoming a leading specialty chemical company serving the personal care industry.”
About One Rock Capital Partners, LLC
One Rock Capital Partners, LLC, based in New York City, is a private investment company that provides equity capital for high-potential middle-market businesses. One Rock enhances the value of the companies in which we invest by bringing world-class operational, strategic and financial resources to help company management achieve its goals. We believe our operational and strategic resources set us apart. At One Rock, our goal is to be a true value-added partner – not simply a capital provider. For more information, please visit www.onerockcapital.com.
About Babson Capital Management LLC
Babson Capital Management LLC and its subsidiaries serve institutional investors around the globe and have $181 billion in assets under management as of March 31, 2013. Through proprietary research, analysis and a focus on investment fundamentals, we develop products and strategies that leverage our broad expertise in fixed income, equities, alternatives, structured products, debt financing for corporations and debt and equity financing for commercial real estate. Based in Boston and Springfield, Mass., and Charlotte, N.C., with offices in New York City and Los Angeles, the firm’s subsidiaries include Babson Capital Europe Limited in London, Babson Capital Australia Pty Ltd in Sydney, Cornerstone Real Estate Advisers LLC in Hartford, Conn., and Wood Creek Capital Management, LLC in New Haven, Conn. Babson Capital is a member of the MassMutual Financial Group.

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