Minneapolis, MN, September 2018 – Spell Capital Mezzanine is pleased to announce a subordinated debt and equity co-investment in Drake Truck Bodies (“Drake”) to support the buyout of the company by Salt Creek Capital. Drake, headquartered in Phoenix, AZ, manufactures work truck utility service bodies and sells related accessories. Spell Capital Mezzanine has significant dry powder available and is actively seeking new investment opportunities.Read More
Minneapolis, MN, August, 2018 – Spell Capital Mezzanine is pleased to announce a subordinated debt and equity co-investment in AC Business Media to support the buyout of the company by Boyne Capital. AC Business Media, headquartered in Fort Atkinson, WI, provides integrated marketing solutions across various business-to-business media platforms including digital, data, analytics, social media, print and trade shows focused on the heavy construction industry. Spell Capital...Read More
Minneapolis, MN, September 2018 – Spell Capital Mezzanine is pleased to announce a subordinated debt and equity co-investment in MedTec Healthcare & Private Duty (“MedTec”) to support the buyout of the company by a family office. MedTec, headquartered in Morton Grove, IL, provides senior in-home care and adult daycare services to clients in residing in the greater Chicago area. Spell Capital Mezzanine has significant capital...Read 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 close Meaningful Realizations/Paydowns: 1 meaningful paydown of subordinated debt (May 2018)7 pending realizations expected by year-end Other 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+ million For more information regarding Spell...Read More
Minneapolis, MN, July 2017 – Spell Capital Mezzanine is pleased to announce a subordinated debt investment in Concrete Polishing & restoration (“CP+R”) to support the buyout of the Company by Servants’ Heart, LLC. Headquartered in Caryville, Tennessee, CP+R is a national provider of concrete polishing, restoration and other commercial flooring services. Servants’ Heart is a Sterling, Virginia based investment group led by experienced operating executive, Jeff Yoh....Read More
