News

Praesidian Capital Provides Fusion New Term Debt For Cloud Services’ Acquisition

Praesidian Leads $25.5 Million Investment in Five-Year Senior Notes NEW YORK – April 10, 2014 – Praesidian Capital (“Praesidian” or “the Firm”), a leading provider of senior and subordinated debt capital for small and mid-sized companies, reported today that it led a $25.5 million investment of five-year senior notes to Fusion (OTCQB: FSNN), a leading…

Praesidian Capital Adds More Than $8.0 Million to Etransmedia Technology, Inc. Investment

NEW FUNDING WILL SUPPORT PLANNED ACQUSITIONS TO EXPAND COMPANYS CUSTOMER BASE NEW YORK February 6, 2014 Only one year after providing capital to fund growth in a healthcare information technology company, Praesidian Capital, along with a co-investor Kemper Insurance, has invested an additional $8.3 million in Etransmedia Technology, Inc. (Etransmedia). Praesidian is a leading provider…

Brand & Oppenheimer Acquires Performance Textiles, Inc.

PRAESIDIAN CAPITAL INCREASES INVESTMENT IN B&O TO SUPPORT ACQUISITION RED BANK, N.J. – January 21, 2014 – Brand & Oppenheimer Co., Inc. (B&O), a leading textile converter, today announced it has acquired the assets of Performance Textiles, Inc., a leading supplier of high-performance fabrics engineered for domestic and export customers, some of whom have worked…

Praesidian Capital Invests $11.75 Million in Meheen Manufacturing, Inc.

NEW YORK August 14, 2013 Praesidian Capital (the Firm), a leading provider of senior and subordinated debt for small and mid-sized companies, announced today it invested $11.25 million in first lien debt and $500 thousand alongside the sponsor, to support Evolve Capital, Ltd.s investment in Meheen Manufacturing, Inc. This is the second of Evolves portfolio…

Praesidian Capital Invests $17.4 Million in John’s Incredible Pizza Company, Inc.

Funds Will Recapitalize Balance Sheet and Support New Growth NEW YORK – July 31, 2013 – Praesidian Capital, a leading provider of debt capital for small and mid-sized businesses, announced today it has invested $17.4 million of first lien debt to recapitalize John’s Incredible Pizza Company, Inc. (“John’s”). Praesidian’s investment represents 58% of the total…

Praesidian Capital Leads $7.5 Million Debt Investment in Meta Pharmaceutical Services to Support Merger with NexGen RxMarketing

NEW YORK — July 8, 2013 — Praesidian Capital (Praesidian or the Firm), a leading provider of mezzanine capital for small and mid-sized companies, announced today that it led a $7.5 million subordinated debt investment in Meta Pharmaceutical Services (Meta) to support its merger with NexGen RxMarketing, LLC (NexGen). Praesidian had made a previous $6…

Praesidian Capital Exits Senior Debt to Global Footwear Consolidator

NEW YORK — April 10, 2013 — Praesidian Capital (the Firm), a leading provider of senior and subordinated debt for small and mid-sized companies, announced today it has exited successfully from the $8.25 million in senior subordinated debt it provided to a global footwear consolidator and distributor in 2008.According to Jason Drattell, Managing Partner of…

Praesidian Capital Leads Senior Debt Investment in Mission Critical Electronics, Inc.

NEW YORK — February 28, 201 3— Praesidian Capital (the Firm), a leading provider of senior and subordinated debt for small and mid-sized companies, announced today it led a $22.8 million senior debt investment in Mission Critical Electronics, Inc. (MCE), a portfolio company of Evolve Capital, Ltd., to recapitalize the business. Under the Kussmaul and…

Praesidian Capital Invests in Etransmedia Technology, Inc.

SECOND LIEN DEBT CAPITAL WILL SUPPORT PROVIDER OF HEALTHCARE INFORMATION TECHNOLOGY SOLUTIONS TO 12,500 PROVIDERS AND 30 MEDICAL SPECIALTIES NEW YORK — January 24, 2013 — Praesidian Capital, a leading provider of senior and subordinated capital for small and mid-sized businesses, announced today it has invested second lien debt capital in Etransmedia Technology, Inc. (Etransmedia)…

Praesidian Capital Successfully Exits Investment in EmpireCLS Worldwide Chauffeured Services

NEW YORK January 17, 2013 Praesidian Capital (the Firm), a leading provider of senior and subordinated debt for small and mid-sized companies, successfully exited its investment in EmpireCLS Worldwide Chauffeured Services (EmpireCLS), one of the largest independent service providers in the U.S. limousine and chauffeured transportation services industry. In July 2009, Praesidian invested $10 million…