Minneapolis, MN, September 2022 – Spell Capital Mezzanine is pleased to announce the successful closing of Fund III, which was oversubscribed and met its hard cap. In conjunction with the launch of Fund III, the senior team acquired the mezzanine business from Spell Capital and has rebranded as NorthCoast Mezzanine. While our name has changed,...Read More
Spell Capital Mezzanine named “SBIC of the Year” by the U.S. Small Business Administration While 2020 brought no shortage of challenges, we were grateful to be honored by SBA as the 2020 SBIC of the Year among a field of 300 licensed SBIC funds representing nearly $30 billion of capital under management. This was due...Read More
Minneapolis, MN, September, 2020 –Spell Capital Mezzanine has been named the 2020 “Small Business Investment Company (SBIC) of the Year” by the U.S. Small Business Administration (SBA), chosen from a field of 300 licensed SBIC funds representing nearly $30 billion of capital under management.The SBA’s announcement of the award highlights Spell Capital Mezzanine’s longevity in the SBIC program,...Read More
2020 Spell Capital Mezzanine Activity:4 new platforms 2 follow-on investments Actively seeking new investments in companies with EBITDA of $2.0 million and above.New Platforms:Follow-On Investments:Read More
Spell Capital Mezzanine Partners made ten new platform investments, completed one follow-on investment and had five realizations. Spell Capital Mezzanine is actively seeking new investment opportunities. We make investments ranging from $3.0 – $20.0 million per transaction.During 2019, Paul Meyering transferred to the Spell Mezzanine Team from the Equity Team. Ryan McKinney and Ann Fugleberg, formerly of ExMarq Capital...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 opportunitiesRealizations2 investments successfully realized (February and May 2019)2 investments expected to be successfully realized prior to year-endOther News:Added new Senior Associate in February 2019 to support additional growthActively seeking...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
Spell Capital Mezzanine Partners Year to Date Activity:2 platform investments closed2 follow-on investments closed4 platform investments and 1 follow-on investment pending closeMeaningful Realizations/Paydowns:1 meaningful paydown of subordinated debt (May 2018)7 pending realizations expected by year-endOther News:Final close on $265.0 million Fund II (over-subscribed vs. $225.0 million target)Actively seeking new investment opportunities, ranging from $3.0 – $15.0+ millionFor...Read More
Spell Capital Mezzanine Partners has had a busy first half of 2016. We have invested in five new companies and continued to support existing portfolio companies. Additionally, we have had successful exits from several of our prior investments.About Spell Capital PartnersSpell Capital is a manager of private equity and mezzanine capital based in Minneapolis, Minnesota.Spell Capital...Read More
Spell Capital Mezzanine Partners will make Subordinated Debt and Minority Equity Investments in Lower Middle Market CompaniesMinneapolis, MN, January 7, 2013 – Spell Capital Partners, LLC (“Spell Capital”) today announced the launch of Spell Capital Mezzanine Partners, a new fund that will make subordinated debt and minority equity investments in lower middle market companies.Spell Capital Mezzanine Partners...Read More
