Midwest Mezzanine Funds has reached a final close of its fifth lower middle-market focused mezzanine investment fund Midwest Mezzanine Fund V and also Midwest Mezzanine Fund V SBIC on a combined $270 million.
The Chicago-based firm typically makes investments of between $5 million and $15 million in buyouts, acquisition financing, recapitalizations and growth capital transactions. Investment sectors include consumer products, commercial products, industrial services, business services, industrial products, food products, environmental and for-profit post-secondary education. Midwest Mezzanine Funds does not invest in companies in the high technology, energy or real estate sectors.
Deals this year include a $7 million investment in Packaging Concepts & Design, a provider of packaging solutions, to support the acquisition by O2 Investment Partners and a $5 million investment in Vapor Power International, a manufacturer of industrial and process steam generators and thermal fluid heaters, to support the acquisition by Stone Pointe.
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