Financial Sponsors

Cain Brothers and KeyBanc Capital Markets Inc., alongside KeyBank Beach Point Direct Lending Program, closed on the syndication of $192.5 million of Senior Secured Credit Facilities in support of Vision Integrated Partners, a portfolio company of Firmament.

The Credit Facilities consist of a $25 million Revolving Credit Facility, a $155 million Term Loan, and a $12.5 million Delayed Draw Term Loan. Proceeds from the Credit Facilities will be used to refinance existing indebtedness, fund working capital, and general corporate purposes, and to pay transaction-related fees and expenses.

VIP is a market leader and preferred partner for ophthalmology practice management services to leading eye care providers in the United States. As a medically focused multi-specialty platform with 70 locations, including 26 clinics and 13 ambulatory surgery centers servicing all eye care needs, the Company represents best-in-class ophthalmic care across the nation in the Midwest, West Coast and Southeast. The Company’s hub-and-spoke surgery model unites its ambulatory surgery centers and more than 130 physicians onto a consolidated platform, and its scalable technology provides real-time insight to drive operational efficiencies across all practices.

Firmament provides structured equity capital solutions to small- and medium-sized enterprises. Firmament is a value-added partner to entrepreneurs, management teams, and business owners and curates solutions by deploying versatile capital in a user-friendly way. Firmament concentrates on software and services businesses with significant scaling potential in the healthcare, logistics, wellness, and environmental sectors. With offices throughout the U.S., Firmament is focused on turning small business into big business.

On February 28, 2022, KeyBanc Capital Markets (KBCM) successfully closed on the syndication of a $1.7 billion Incremental First Lien Term Loan for Authentic Brands Group, LLC. Proceeds from the transaction will be used to acquire Reebok and pay a one-time shareholder distribution. KBCM served as Joint Lead Arranger and Joint Bookrunner on the transaction.

On February 17, 2022, KeyBanc Capital Markets (“KBCM") successfully completed its buy-side advisory mandate in support of MSD Private Capital Group (“MSD”) on its acquisition of East West Manufacturing, LLC (“East West” or the “Company”) from Emigrant Capital Corporation and Heritage Growth Partners LLC. KBCM served as Exclusive Buy-Side Advisor to MSD based on its industry- leading manufacturing practice, long-term relationship with East West and MSD and proven M&A execution capabilities.

Based in Atlanta, GA, and founded in 2001, East West is a leading, global end to end joint design manufacturer providing a comprehensive and integrated set of product realization capabilities, from design through distribution. The Company serves high growth, non-cyclical end markets, such as smart devices/IoT, automation/robotics, industrial technology, and medical/wellness.

MSD Partners was formed in 2009 and exclusively manages the assets of Michael S. Dell and his family. MSD Private Capital Group is the private equity arm of MSD Partners, L.P., focused on partnering with world-class management teams to build outstanding businesses and create long-term value for investors. MSD has a highly experienced senior investment team that has led 23 private equity investments representing approximately $4.6 billion of invested equity.

On February 17th, KeyBanc Capital Markets (“KBCM") successfully closed the syndication of $355 Million Senior Secured Credit Facilities for East West Manufacturing, LLC (“East West” or the “Company”). The facilities are comprised of a $40 million Revolving Credit Facility (the “Revolver”), a $275 million Senior Secured Term Loan Facility (the “Term Loan”), and a $40 million Delayed Draw Term Loan (the “DDTL”). Proceeds from the facilities were used to support MSD Pr ivate Capital Group’s (“MSD” or the “Sponsor”) acquisition of the Company, support ongoing working capital needs and future growth, and pay transaction related fees and expenses. KBCM served as Left Lead Arranger, Joint Bookrunner, and Administrative Agent on the Company’s inaugural syndicated transaction. KBCM was chosen to lead as a result of deep industry expertise, strong relationship with the Sponsor and Debt Capital Markets capabilities. KBCM also served as Exclusive Buy-Side Advisor to MSD.

Based in Atlanta, GA, and founded in 2001, East West is a leading, global end to end joint design manufacturer providing a comprehensive and integrated set of product realization capabilities, from design through distribution. The Company serves high growth, non-cyclical end markets, such as smart devices/IoT, automation/robotics, industrial technology, and medical/wellness.

MSD Partners was formed in 2009 and exclusively manages the assets of Michael S. Dell and his family. MSD Private Capital Group is the private equity arm of MSD Partners, L.P., focused on partnering with world-class management teams to build outstanding businesses and create long-term value for investors. MSD has a highly experienced senior investment team that has led 23 private equity investments representing approximately $4.6 billion of invested equity.

On November 10, 2021, Lulu's Fashion Lounge Holdings, Inc. (the "Company") priced $92 Million in its Initial Public Offering ("IPO"). The Company plans to use the IPO proceeds to redeem all existing Series B Preferred Stock and Series B-1 Preferred Stock, repay a portion of its Term Loan and the remainder, if any, for general corporate purposes. KeyBanc Capital Markets acted as a Joint Bookrunner on the transaction.

On September 20, 2021, KeyBanc Capital Markets (“KBCM”) successfully advised Arrow Tru-Line Inc. (“ATL” or the “Company”), a portfolio company of Sun Capital Partners (“Sun”) on its sale to MiddleGround Capital (“MiddleGround”). Sun engaged KBCM as its Exclusive Sell-Side Advisor based on its long-standing relationship, strong Building Products and Metals practices and proven M&A execution capabilities.

ATL., headquartered in Archbold, Ohio, is the leading independent manufacturer and supplier of a full spectrum of structurally critical hardware components to the rapidly growing U.S. sectional overhead garage door market. Since its inception, the Company has earned its reputation as the industry’s most trusted manufacturer of garage door hardware through its premier processes and overall quality.

Sun Capital Partners is a global private equity firm focused on partnering with outstanding management teams to accelerate value creation. Since 1995, Sun Capital has invested in more than 425 companies worldwide.

MiddleGround Capital is a private equity firm that makes control equity investments in lower middle market North American companies in the B2B industrial and specialty distribution sectors.

On August 18, 2021, KeyBanc Capital Markets (“KBCM”) successfully closed a $325 Million Senior Unsecured Revolving Credit Facility ( "Facility") for The Davey Tree Expert Company (“Davey Tree” or the “Company”). Proceeds will be used to refinance existing indebtedness, for general corporate purposes, and to pay fees and expenses related to this transaction. KBCM acted as Sole Lead Arranger, Sole Bookrunner and Administrative Agent on the transaction.

The new Facility is an upsize of Davey Tree’s existing $250 million revolving credit facility and extends maturity to August 2026. KBCM leveraged the Company’s strong operating performance and existing banking relationships to obtain favorable terms that increase the Company’s financial and operating flexibility. KBCM has a long-standing relationship with Davey Tree and has executed several successful transactions for the Company.

Davey Tree, with operations throughout the United States and five provinces in Canada, provides a variety of tree care, grounds maintenance and consulting services for the residential, utility, commercial and government markets. Founded in 1880, Davey is employee-owned and has more than 11,000 employees who provide “Proven Solutions for a Growing World”.

On August 10th, 2021, KeyBanc Capital Markets (“KBCM”) successfully advised Dayton Parts (“Dayton” or the “Company”), a portfolio company of AEA Investors (“AEA”) on its sale to Dorman Products, Inc. (“Dorman”) for $338 million. Dayton engaged KBCM to serve as sell-side advisor based on its industry-leading Specialty Distribution practice and proven M&A execution capabilities. The Company, headquartered in Harrisburg, PA, is a leading distributor and manufacturer of undercarriage replacement products to the commercial vehicle aftermarket. Dorman, headquartered in Colmar, PA, supplies assorted replacement parts for passenger cars, light and heavy duty trucks, in the global automotive aftermarket industry.

Dayton’s operations include three manufacturing facilities and seven distribution centers located throughout the US and Canada.

On May 5th, 2021, KeyBanc Capital Markets (“KBCM”) successfully advised Action Packaging and Signature Flexible Packaging (“Signature and Action Flexible Packaging” or “SAP”), a portfolio company of H.I.G. Capital (“HIG”), on the acquisition of Chromatic Productions (“Chromatic”). KBCM was selected to serve as exclusive buy-side advisor based on its longstanding relationship with HIG, expertise within the packaging sector and proven M&A execution capabilities.

On January 23, 2020, Blue Sea Capital, in partnership with Travis Parry, Twin Bridge Capital Partners, and GoldPoint Partners, led a significant investment in Innovative FlexPak, LLC (“IFP” or “the Company”). Travis Parry, founder and CEO of the Company, maintains a significant ownership position. KeyBanc Capital Markets (“KBCM”) has served as IFP’s lender for several years, and was engaged as the Company’s exclusive sell-side advisor based on its expertise within the packaging, co-manufacturing and health & wellness sectors, and proven M&A execution capabilities.

On January 6, 2020, KeyBanc Capital Markets (“KBCM") successfully completed its sell-side advisory mandate in support of Joshen Paper & Packaging (“Joshen”) acquisition by Bunzl plc. KBCM served as Sell-Side Advisor to Joshen based on its industry-leading Distribution practice, long-term relationship with Joshen and proven M&A execution capabilities. KBCM identified Bunzl as a unique fit for Joshen and its owners as Bunzl has a stated goal to grow its North American presence.

On November 13, 2019, KeyBanc Capital Markets, Inc. (“KBCM”) successfully advised TAC Enertech Resources Holdings, LLC and its affiliates (“Enertech Holdings” or “The Company”), a portfolio company of Tower Arch Capital (“Tower Arch”), on its sale to ONCAP Management Partners (“ONCAP”). Tower Arch engaged KBCM to serve as exclusive sell-side advisor based on its industry-leading Industrial & Business Services practice and proven M&A execution capabilities. KBCM conducted a robust marketing process resulting in a premium valuation and exceptional terms for Enertech Holdings’ shareholders. This deal represents KBCM’s first sell-side M&A transaction with Tower Arch.