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Maranon Capital hires principal

Maranon Capital has appointed Darin Schmalz as a principal. He will be responsible for sourcing and evaluating investment opportunities as well as transaction execution and portfolio management with a focus on Maranon’s senior debt and unitranche strategies.

Maranon Capital Backs Young Innovations

Maranon Capital has completed a mezzanine debt investment in Young Innovations to support affiliates of Linden Capital Partners in a public–to-private transaction valued at approximately $314 million. Maranon was agent for the lenders who provided a $65 million mezzanine tranche. Maranon also co-invested preferred and common equity in the transaction alongside Linden.

Riverside Expands with Acquisition

The Riverside Company has added Houston-based Jacosoft to its Emergency Communications Network platform. ECN provides critical, time-sensitive communications and has a presence in all 50 states and Canada. Kirkland & Ellis advised Riverside on the deal, and Maranon Capital provided financing.

Gridiron Buys Performance Health and Wellness

Maranon Capital said Wednesday it invested in Performance Health and Wellness Holdings to back its acquisition by Gridiron Capital and company management. Akron, Ohio-based Performance Health designs, makes and markets rehabilitation and wellness products. Maranon said it arranged and led a syndicate which provided mezzanine debt and an equity co-investment.

Maranon Capital Promotes and Hires

Maranon Capital has promoted Laura Albrecht to principal and the addition of Mary Duvall as an accounting analyst. Albrecht joined Maranon Capital’s investment team in May 2010. Duvall joined Maranon in June 2011 and assists with financial reporting and analysis as well as loan operations. PRESS RELEASE Maranon Capital, L.P. announced today the promotion of […]

Maranon Capital Backs Follow-On Acquisitions

Chicago-headquartered Maranon Capital has completed financing transactions to support follow-on acquisitions at two of its existing portfolio companies, T&H Global Holdings and DayMen Group. Maranon made its initial investment in T&H in March 2011 when it provided an integrated senior and mezzanine financing solution to support Flexpoint Ford’s acquisition of the business. And Maranon has […]

Maranon Capital Finances Emergency Communications Network Deal

Maranon Capital has provided a senior revolving credit facility and term loan as well as mezzanine debt and an equity co-investment to support the acquisition of Emergency Communications Network (ECN) by private equity firm The Riverside Company and members of ECN’s management team. Headquartered in Ormond Beach, Florida, ECN provides time-sensitive communications to individuals on […]

Humanetics Innovative Receives Growth Financing from Maranon Capital

Maranon Capital has provided growth financing to Humanetics Innovative Solutions, which is backed by Wynnchurch Capital. The financing consisted of a senior revolving credit facility, term loan plus mezzanine debt. Plymouth, Mich.-based Humanetics makes and designs sophisticated crash test dummies.

Maranon Capital Adds Matt Graves

Maranon Capital has added Matt Graves as an associate. Graves was previously an associate with Mariner Private Equity. Maranon Capital provides senior financing, mezzanine debt and equity co-investments for private equity-backed and non-sponsored middle market transactions. The firm is based in Chicago.

Gridiron Capital Backs TharpeRobbins

TharpeRobbins Company Inc., a developer of employee attraction and retention programs, has raised an undisclosed amount of private equity funding from Gridiron Capital. The deal also included one-stop debt and equity co-investment from Maranon Capital.

Fundraising Updates: Snow Phipps, Baird, Northern Trust, Thayer Hidden Creek, Rockland, Maranon Mezz

The following seven pieces of fundraising news have been culled from recent SEC filings:

Thayer Hidden Creek, a Washington, DC, and Minneapolis-based lower middle market private equity firm, is raising its second fund. Thayer Hidden Creek Partners II, L.P. has a target of $350 million. The fund has raised $84.8 million from 10 investors to date. Berchwood Partners is listed as a placement agent to the fund.

Baird Capital Partners is raising its fifth buyout fund. The fund was formed in 2008, and its target is listed as $376.2 million. The firm has closed on $130 million as of February 8. Thomas Capital Group, Inc. and Robert W. Baird & Co. itself have been listed as placement agents to the fund.

Rockland Capital is raising a fund called Rockland Power Partners LP. The vehicle was formed in 2008 and has collected $100.4 million in commitments from 19 investors as of February 9. The fund has a $500 million target. Berchwood Partners is serving as the firm’s placement agent. Rockland, based in Houston and New York, was formed in 2003 to acquire and develop selected investment opportunities in the North American and European power and energy infrastructure markets.

Maranon Could Wrap Mezz Fund By Fall

Chicago-based Maranon Capital is hoping to hold the next close for its first mezzanine fund in the August-September timeframe, according to a source familiar with the situation. The shop, which launched Maranon Mezzanine Fund LP in early 2008, is targeting $250 million. It held a first close at roughly $93 million in July 2008, and […]

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