Daily News: April 12, 2013

Babson Capital Provides Subordinated Debt to Linsalata Capital


Babson Capital Management, a global investment management firm, announced it provided subordinated debt and made an equity co-investment to support Linsalata Capital Partners’ acquisition of Signature Systems Group.

Founded in 1999 and based in New York City, Signature designs, sells and installs a variety of modular flooring surfaces, industrial matting and related ground protection products. The company serves diverse domestic and international markets including oil, gas, mining and construction, special events, stadiums and arenas, sporting and athletic facilities, convention and conference centers and general commercial applications.

“Linsalata Capital is pleased to collaborate once again with Babson Capital’s Mezzanine & Private Equity Group on the investment in Signature Systems Group,” said Daniel L. DeSantis, managing director at Linsalata Capital Partners. “The group’s experience and expertise in the middle market, combined with its relationship-oriented approach, reliability and responsiveness has made Babson Capital a valuable partner on previous investments and we look forward to working together on this and future transactions.”

“Babson Capital is excited about the opportunity to work with our longtime partner Linsalata Capital Partners on the Signature Systems Group investment,” said Michael L. Klofas, managing director and head of Babson Capital’s Mezzanine & Private Equity Group. “Signature’s management team has built a solid foundation for future growth and we believe its prospects are significantly enhanced by the operational expertise that Linsalata Capital brings to the partnership.”

Mayfield Heights, OH-based Linsalata Capital Partners was founded in 1984 and has combined its strong financial capabilities with extensive operational experience to accelerate the growth of middle-market companies.

Babson Capital Management and its subsidiaries serve institutional investors around the globe.