Kinderhook invests in Bestop

Kinderhook Industries LLC has acquired a stake in Bestop Inc. from Magna International. Financial terms weren’t announced. Kinderhook and Magna have equal stakes in Bestop but Kinderhook has control of the company’s day-to-day operations, according to Tom Tuttle, a Kinderhook MD. Bestop management also has a stake, he said. A Kinderhook/Magna joint venture will be looking to develop new products and make acquisitions in the Jeep Wrangler aftermarket, Tuttle said. Louisville, Colorado-based Bestop makes soft tops and fabric accessories for Jeep vehicles. GE Antares Capital, Babson Capital Management and NewStar Financial provided financing.


Babson backs Linsalata’s buy of Randy’s Worldwide Auto

Babson Capital Management said Monday that it provided debt and made co-invested equity to back support Linsalata Capital Partners’ buy of RWA Holding Company Inc., which does business as Randy’s Worldwide Automotive. Financial terms weren’t announced. Everett, Washington-based Randy’s designs and distributes aftermarket automotive parts serving the off-road, racing, performance and repair/replacement segments.


Babson Capital invests in Dunn Paper’s add-on deal

Babson Capital Management said Monday it provided debt and made an equity co-investment to support Dunn Paper Inc.’s buy of the Specialty Mills business from Clearwater Paper Corp. Financial terms weren’t announced. The deal includes five Clearwater Paper mills. Dunn Paper is a portfolio company of Wingate Partners.


Babson Capital supports Kohlberg’s PPC acquisition

Babson Capital Management has provided a senior credit facility to support Kohlberg & Company‘s buy of PPC Industries. No financial terms were disclosed. Based in Pleasant Prarie, Wisconsin, PPC Industries is a provider of specialty plastic solutions for medical/pharmaceutical, food processing, and niche industrial applications.


Yukon Partners supports One Rock Capital’s investment in Airxcel

Yukon Partners has invested subordinated debt and equity in One Rock Capital Partners’ investment in Airxcel, Inc., which makes climate control products, including air conditioners, heat pumps, cooking appliances and furnaces. Along with Yukon, subordinated debt was provided by Freedom 3 Capital and Babson Capital Management. Senior financing was provided by GE Antares Capital and Citizens Financial Group. Specific terms of the deal were not disclosed.

Babson Capital Backs Linsalata Capital Stag-Parkway deal

Babson Capital Management has provided subordinated debt and made an equity co-investment to support Linsalata Capital Partners’ acquisition of Stag-Parkway. Atlanta-based Stag-Parkway is an independent distributor of aftermarket RV parts and accessories to RV dealers in the United States.


Babson Capital Backs Trinity

Babson Capital Management, an investment management firm based in Springfield and Boston, Mass., and Charlotte, N.C. has provided $7.2 million of mezzanine debt financing to support Gryphon Investors’ acquisition of Trinity Consultants. Dallas-based Trinity Consultants, with offices nationwide and in China and the Middle East, is an environmental consulting company specializing in industrial air quality […]

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