Investment Approach

Middle-market Mezzanine Capital with Long-term Growth Opportunity

Investments

  • Investments generally range from $3 – 15 million, or larger through co-investment partners
  • Flexible pricing structures tailored for each transaction

Transaction Types

  • Private equity sponsored buyouts
  • Management and family-driven ownership transitions
  • Acquisitions
  • Recapitalizations
  • Growth capital

Company Characteristics

  • EBITDA of $2 million and above
  • Stable and growing end-market demand
  • Diversified customers, markets and suppliers
  • Demonstrated recurring revenue
  • Sustainable free cash flow
  • Proven management team

Investment Structures

  • All-coupon, fixed rate, subordinated debt
  • Subordinated debt with equity upside
  • Minority equity co-investments

 

Alternative Roles

We approach investments with flexibility and tailor our role to each situation, participating as: a sole investor, the lead investor for a co-investment group, or as a co-investor with another institution.

How Can We Help?

Please contact any of our principals if you have questions about Spell Capital Mezzanine, our investments or investment approach.