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…
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…
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…
NEW YORK June 4, 2013 Praesidian Capital, a leading provider of senior and subordinated debt for small and mid-sized businesses, announced today the successful exit of $6.6 million in senior notes in K1 Speed, Inc., the nations largest operator of indoor go-kart racing tracks based in Irvine, Calif. Praesidian made its initial investment in September…
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…
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…
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)…
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…
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 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:…
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…
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…