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, L.P. announced today that it provided growth financing to Humanetics Innovative Solutions, Inc., a portfolio company of Wynnchurch Capital, Ltd. Maranon’s one-stop financing consisted of a senior revolving credit facility and term loan as well as mezzanine debt.
With headquarters in Plymouth, Michigan, and subsidiaries throughout the world, Humanetics is the global leader in the design and manufacture of sophisticated crash test dummies as well as the development of finite element software models used in computerized crash test simulations. Humanetics also provides technical support and laboratory services to clients including virtually every major automotive OEM and Tier 1 supplier. Other important users of Humanetics’ products and services include military, government, aerospace, insurance and research institute clients.
“Maranon’s financing will support the product development efforts of Humanetics and the firm’s further expansion into geographic markets where automotive safety testing and standards are becoming increasingly important” commented Tom Gregory, Co-Founder and Managing Director of Maranon Capital. “In addition, we are very pleased to partner with Wynnchurch, a leading middle market private equity firm.”
Maranon Capital’s investment team was led by Managing Director, Greg Long and included Laura Albrecht and Hayes Olofson. Proskauer Rose LLP acted as legal counsel for Maranon.
About Maranon Capital
Maranon Capital, L.P. provides senior financing, mezzanine debt and equity co-investments for private equity-backed and non-sponsored middle market transactions. Maranon has the flexibility to structure a one-stop financing solution or to provide stand-alone senior or mezzanine debt. The firm does not take control equity positions, but will consider a minority equity role in conjunction with a financing relationship. Maranon is currently managing over $550 million of committed capital. The firm is headquartered in Chicago with additional offices in Birmingham, Michigan and South Bend, Indiana. For more information about Maranon Capital please visit www.maranoncapital.com.
About Wynnchurch Capital
Wynnchurch Capital, Ltd., headquartered in the Chicago suburb of Rosemont, Illinois with offices in Dallas, Detroit, and Toronto and an affiliate office in Montreal, is a leading middle market private equity investment firm. Wynnchurch partners with middle market companies in the United States and Canada that have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch Capital manages over $1 billion of total capital across multiple funds specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. More information about Wynnchurch Capital can be found at www.wynnchurch.com.