Capital Solutions Closes $230 Million Recapitalization of Sponsored Industrial Components Manufacturer
The Capital Solutions Group (“Capital Solutions”) announces the closing of a $230 million recapitalization of a sponsored industrial components manufacturer (the “Company”). The transaction extended the maturities of multiple debt facilities while providing growth capital through an increased revolver and incremental equity investment. Capital Solutions acted as the exclusive financial adviser to the Company which is majority owned by leading middle market private equity firms (“Sponsors”).
“We specialize in executing complex financing solutions for middle market companies,” commented Tim Shoyer, Managing Partner, who led the assignment for Capital Solutions. “The Sponsors recognized that the value of the Company would be maximized by making an incremental equity investment while lengthening their investment horizon. We were able to work with the Company and its existing lenders to structure and successfully execute a transaction that met the Sponsors’ objectives.” Bob Kosian rounded out the Capital Solutions deal team.
About The Capital Solutions Group
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We provide creative financial advisory services to closely-held Companies, Private Equity Sponsors, and Lenders in the Middle Market. Our services include: Debt Capital Raising, Recapitalizations, Financial Restructurings, and selected M&A assignments. Since our founding in 2009, we have advised on over $2.3 billion of debt issuance, financial restructuring, and strategic advisory assignments; these transactions have been executed primarily for private equity sponsored companies.