Tecum backs FCP’s Bandon buyout

Tecum Capital Partners has made an undisclosed investment to back Fireman Capital Partners‘ acquisition of Austin, Texas-based Bandon Holdings, an Anytime Fitness franchisee. No financial terms were disclosed. Also, Tecum has beefed up its team with the addition of Dan Drew as a new analyst.

PRESS RELEASE

Tecum Capital Partners (“Tecum”) is pleased to announce its new investment in Bandon Holdings (“Bandon”), an Anytime Fitness (“Anytime”) franchisee. Tecum provided subordinated debt and equity to support Fireman Capital Partners’ (“FCP”) acquisition of Bandon. Terms of the transaction were not disclosed.

Tecum Capital Welcomes New Analyst, Dan Drew
Tecum Capital welcomed Dan Drew to the team this month. Dan is responsible for assisting senior professionals in the research and due diligence process of mezzanine and private equity investment opportunities and assisting his colleagues in structuring, researching, and negotiating investments in target companies.