Minneapolis, MN, October 2019 – Spell Capital Mezzanine is pleased to announce a follow-on subordinated debt investment in Sonas Home Health Care (“Sonas”). Sonas, a portfolio company of Boyne Capital and headquartered in Delray Beach, FL, provides private nursing care for clients in homes, hospitals, assisted living facilities and nursing homes. Spell Capital Mezzanine has...Read More
Minneapolis, MN, August 2019 – Spell Capital Mezzanine is pleased to announce a subordinated debt and equity co-investment in Hayfield Window & Door Co. (“Hayfield”) to support the buyout of the company by Drum Capital Management. Hayfield, headquartered in Hayfield, MN, is a manufacturer of vinyl windows and patio doors. Spell Capital Mezzanine has significant...Read More
Minneapolis, MN, August 2019 – Spell Capital Mezzanine is pleased to announce a subordinated debt and equity co-investment in Denali Communications (“Denali”) to support its acquisition of Brandywine. Denali, a portfolio company of Cache Creek Industries and headquartered in Longmont, CO, is a manufacturer of ruggedized electronic components and communications equipment to military and aerospace...Read More
Spell Capital Mezzanine Partners Year to Date Activity: 4 platform investments closed2 platform investments pending closeSeveral platform and follow-on investments likely in 3rd and 4th quarter 2019Robust pipeline of opportunities Realizations 2 investments successfully realized (February and May 2019)2 investments expected to be successfully realized prior to year-end Other News: Added new Senior Associate in February 2019...Read More
Minneapolis, MN, July 2019 – Spell Capital Mezzanine is pleased to announce a subordinated debt and equity co-investment in Wollard International (“Wollard”) to support the buyout of the company by Kilroy Partners. Wollard, headquartered in Eau Claire, WI, is a manufacturer and distributor of aviation ground support equipment. Products include items such as tow tractors,...Read More
Minneapolis, MN, July 2019 – Spell Capital Mezzanine is pleased to announce a subordinated debt and equity co-investment in JMG and Dealer 121 to support the buyout of the companies by NextGen Growth Partners. JMG / Dealer 121, headquartered in Roseville, MN, provides marketing services to small to mid-sized auto dealerships using direct mail, digital...Read More
Spell Capital Mezzanine Partners invested in eleven platform companies, completed two follow-on investments and had five successful realizations. Fund II held its final close at $265.0 million (over-subscribed vs. $225.0 million target).Spell Capital Mezzanine is actively seeking new investment opportunities, ranging from $3.0 – $20.0 million. New Platform Investments Follow-on InvestmentsRead More
Minneapolis, MN, December 2018 – Spell Capital Mezzanine is pleased to announce a subordinated debt investment in Eclipse to support its acquisition of On Time Staffing (“OTS”). Eclipse, a portfolio company of LaSalle Capital and headquartered in Melbourne, FL, provides outsourced labor and employee management consulting to light industrial warehouse distribution centers across a variety...Read More
Minneapolis, MN, December 2018 – Spell Capital Mezzanine is pleased to announce a subordinated debt and equity co-investment in FBF Originals (“FBF”) to support the buyout of the company by Taglich Private Equity. FBF, headquartered in Martinsville, IN, is a manufacturer of licensed sports team novelty socks. Spell Capital Mezzanine has significant capital available and...Read More
Minneapolis, MN, October 2018 – Spell Capital Mezzanine is pleased to announce the addition of David Shapiro as a Managing Director. David has over 20 years of leveraged finance, mezzanine and private capital experience. Previously, he was a managing director for a SBIC mezzanine fund where he originated, negotiated and managed a portfolio of mezzanine and equity...Read More
