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.Continue
Yukon Partners has closed its second fund on $400 million, beating its initial $300 million target. Yukon Capital Partners II will continue the firm’s strategy of providing mezzanine capital to middle market businesses primarily in deals controlled by private equity sponsors. Since its 2008 inception, Yukon has raised more than $640 million.Continue
MVCPE and Yukon have made undisclosed investments in AccuMED. As a result of the transaction, MVCPE has acquired a majority stake in AccuMED while Yukon has a minority stake. Based in Buffalo, NY, AccuMED is a medical products maker.Continue
Yukon Partners has invested in Transport Investments, a Pittsburgh, PA-based asset-light transportation and logistics company that provides flatbed, drop-deck, specialized and heavy haul trucking and brokerage services in the U.S., Canada and Mexico. Revelstoke Capital Partners sponsored the deal in which it, Yukon and co-investors participated in the transaction. Subordinated debt was provided by Yukon.Continue
Yukon Partners has provided subordinated debt and equity in Schryver Medical, Inc., which provides mobile imaging diagnostics, clinical laboratory services, oxygen therapy and durable medical equipment rental. Yukon invested alongside Revelstoke Capital Partners and institutional co-investors in acquiring a majority stake in Schryver. Ally Corporate Finance provided a senior credit facility in the deal.Continue
Yukon Partners has added Aaron Arnett, director, to the Yukon team. Arnett’s responsibilities include working with the Yukon team on overall investment activities. He will provide leadership in the areas of evaluation, due diligence, and portfolio investment monitoring.Continue
Yukon Partners has completed mezzanine debt and equity co-investments in Tex Tech Industries. ShoreView Industries has acquired the business in partnership with Tex Tech’s senior management team.Continue
Yukon Partners has completed an investment in Hi-Tech Manufacturing. The transaction was an acquisition of the business by May River, the Pohlad Family, and Yukon in partnership with Hi-Tech’s senior management team. PRESS RELEASE Yukon Partners is pleased to announce that it has completed an investment in Hi-Tech Manufacturing, LLC. The transaction was an acquisition […]Continue
While I’m on the first-time fund beat, I may as well mention Yukon Partners, a new mezzanine fund that’s seeking $300 million for its debut fund, according to a source familiar with the situation.
It’s being raised by former Norwest Mezzanine partners Michael Hall and William Dietz. peHUB reported their departures were a surprise, but “orderly and amiable” last February.
Out of any alternative asset in the market, mezzanine (alongside distressed and energy investors), is most likely to find investors with an appetite.Continue