Maranon Capital said Thursday that it has provided mezzanine debt and equity to support Brockway Moran & Partners’s buy of DayMen Photo Marketing. Maranon, of Chicago and Birmingham, Mich., offers senior financing, mezz and equity co-investments for PE-backed and non-sponsored middle market companies. Brockway Moran, a PE firm, announced the DayMen Photo acquisition in October.
Maranon Capital, L.P. announced today that it provided mezzanine debt and equity to support the acquisition of DayMen Photo Marketing LP (“DayMen” or the “Company”) in partnership with Brockway Moran & Partners and the Company’s management. DayMen’s Lowepro® brand is the leading name in premium camera protection. The transaction was Maranon’s fifth investment of 2010.
Peter Brockway, Managing Partner at Brockway Moran & Partners, commented, “Maranon’s investment team focused significant resources on this transaction early in the process and provided us with confidence that they would meet our timeline with a commitment.”
“We are pleased to be working with Brockway Moran & Partners,” stated Greg Long, Managing Director at Maranon Capital. “DayMen is a global business with a strong portfolio of branded products and an excellent management team led by its CEO Gil Roberts.”
Ian Larkin, Co-Founder and Managing Director at Maranon Capital added, “We build trusted relationships by delivering results. This investment represents another new partnership for Maranon with a leading private equity firm in the middle market.”
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 provide stand-alone senior or mezzanine debt. The firm does not take control equity positions, but will consider a minority equity role. Maranon is currently managing over $550 million of committed capital and has offices in Chicago, Illinois and Birmingham, Michigan. For more information about Maranon Capital please visit www.maranoncapital.com.
About Brockway Moran & Partners
Brockway Moran & Partners is a private equity firm with more than $1.3 billion of capital under management. The firm acquires growth-oriented middle market companies valued between $50 million and $300 million in partnership with exceptional management teams. Brockway Moran focuses on businesses with significant growth opportunities either through internal expansion, industry consolidation or innovative business strategies. The principals of the firm have a record of productively working with management teams to build companies into larger and more diverse enterprises. Brockway Moran & Partners invests in a broad spectrum of industries with significant experience in consumer, industrial and service businesses. Since 1998, the firm has completed over 60 acquisitions. For more information, visit www.brockwaymoran.com.
DayMen is a leading provider of innovative bags, backpacks and cases designed to carry and protect photographic, imaging and other electronic equipment such as GPS devices, laptops and tablet computers. The Company’s flagship Lowepro® brand has been the leading name in premium camera protection since 1972. DayMen also sells totes, cases and sleeves under its Acme Made® brand name. The Company’s products are sold in more than 100 countries through its subsidiaries in the United States, Canada, the United Kingdom, Australia, Germany, Switzerland and Poland as well as through a network of independent distributors. For additional information, visit http://www.daymen.com.