Minneapolis, MN, January 2015 – Spell Capital Mezzanine (“Spell”) is pleased to announce a minority equity investment in Arandell Corporation (“Arandell” or the “Company”) to support a management led buyout of the Company. The transaction closed in November of 2014. Spell originally invested $7.0 million of mezzanine in early 2014 as part of a debt refinancing.
Based in Menomonee Falls, WI, Arandell is the premier catalog printer, mailer, distributor and multi-channel solutions provider in the U.S. serving high-end retailers and catalog merchandisers who demand the highest levels of service and quality.
“We are pleased to support Brad Hoffman and his team on their acquisition of Arandell ,” said Andrew Leonard, Managing Director at Spell. “The Company has performed very well under Brad’s leadership and we are delighted that Brad and his team now have even greater incentives as owners of the Company.”
Farragut Capital Partners invested alongside Spell in the transaction.