News

Praesidian Capital Successfully Exits $15.5 Million Investment in Lone Star Overnight

NEW YORK January 10, 2013 Praesidian Capital (the Firm), a leading provider of mezzanine capital for small and mid-sized companies, successfully exited its $15.5 million investment in Lone Star Overnight (LSO), an independent intraregional express and ground parcel delivery company operating primarily in Texas, Oklahoma and Louisiana.Praesidians investment was made in May 2011 to support…

Praesidian Capital Leads New Debt to Support Fusion’s Acquisition of NBS

Praesidian and Plexus Capital Provide Combined $16.5 Million First Lien Debt NEW YORK December 4, 2012Praesidian Capital (Praesidian or the Firm), a leading provider of mezzanine capital for small and mid-sized companies, reported today that it partnered with Plexus Capital (Plexus) to provide $16.5 million of first-lien debt to support the acquisition by Fusion (OTCQB:…

Praesidian Capital’s Charlie Brown’s Steakhouse Chain Acquires Texas Steakhouse & Saloon

NEW YORK – Oct. 2, 2012 – Praesidian Capital, a leading provider of mezzanine capital for small and mid-sized businesses, announced today that its Charlie Brown’s Steakhouse chain of neighborhood restaurants has acquired 19 Texas Steakhouse & Saloon restaurants (TSS) in North Carolina, Virginia, and West Virginia. New York-based Praesidian acquired the restaurants through its…

Praesidian Capital Successfully Exits Senior Secured Debt for National Truck Protection Co.

NEW YORK August 29, 2012 Praesidian Capital (Praesidian or the Firm), a leading provider of mezzanine capital for small and mid-sized companies, reported today it has successfully exited $7.5 million of senior secured debt provided to National Truck Protection Co., Inc. (NTP) in 2007. The funds supported equity and growth capital investments in NTP by…

Praesidian Capital Successfully Exits First Lien Investment in Bridge Capital Solutions

NEW YORK May 8, 2012 Praesidian Capital (Praesidian or the Firm), a leading provider of mezzanine capital for small and mid-sized companies, has successfully exited its first lien investment in Bridge Capital Solutions Corporation, Long Islands premier licensed commercial check casher. Bridge Capital provides accelerated cash flow solutions for small businesses by giving business owners…

Praesidian Capital Invests in DisplayWorks LLC

$24.25 MILLION IN DEBT FINANCING TO FINANCE ACQUISITION OF MILLENIUM COMMUNICATIONS NEW YORK February 7, 2012 Praesidian Capital, a leading provider of mezzanine capital for small and mid-sized businesses, announced today it led a $24.25 million senior debt and equity investment in DisplayWorks LLC (DisplayWorks), a premier exhibit company based in Irvine, California. DisplayWorks is…

Praesidian Capital Successfully Exits Investment in Lucky Strike

NEW YORK – November 1, 2011 – Praesidian Capital (“Praesidian” or “the Firm”), a leading provider of mezzanine capital for small and mid-sized companies, has successfully exited its investment in Lucky Strike Entertainment, LLC (“Lucky Strike”), the leading operator of upscale bowling lounges in the United States and Canada.Lucky Strike is the defining brand in…

Praesidian Successfully Exits Investment in Solatube

NEW YORK, N.Y. September 15, 2011 Praesidian Capital, a leading provider of mezzanine capital for small and mid-sized businesses, announced today that it has successfully exited an investment in Solatube International, Inc., a premier developer, manufacturer and marketer of state-of-the-art high performance daylighting systems based in Vista, California.In 2007, Praesidian provided mezzanine financing to help…

Praesidian Capital Successfully Exits Investment in CODi, Inc.

NEW YORK — June 30, 2011 — Praesidian Capital (Praesidian or the Firm), a leading provider of mezzanine capital for small and mid-sized companies, has successfully exited its investment in CODi, Inc. (CODi). CODi is a leading manufacturer and supplier of laptop bags and cases, mobile security devices and other IT accessories to major corporations.In…

Praesidian Capital Completes Investment in Worldwise

$12.5 MILLION IN DEBT FINANCING TO SUPPORT ACQUISITION BY MISTRAL EQUITY PARTNERS Praesidian Capital (Praesidian), a leading provider of mezzanine capital for small and mid-sized companies, announced it has invested $12.5 million of subordinated debt to help fund Mistral Equity Partners acquisition of Worldwise, Inc. (Worldwise), a manufacturer of specialty pet products. Based in Northern…