Daily News: May 3, 2013

Babson Provides Mezz Capital for Swander Pace Acquisition

Babson Capital Management, a global investment management firm, announced it provided subordinated debt and made an equity co-investment to support Swander Pace Capital’s acquisition of Caleel + Hayden Holdings, (d/b/a gloProfessional). Babson Capital was the sole provider of mezzanine capital on the transaction.

Denver-based gloProfessional is a developer and marketer of mineral-based cosmetics under the glominerals brand and premium skin care products under the glotherapeutics brand.

“Swander Pace Capital is delighted to partner with Babson Capital’s Mezzanine & Private Equity Group on the acquisition of gloProfessional, and we look forward to working together again on future transactions,” said Swander Pace managing director Mo Stout. “As with several previous portfolio investments, all parties to this transaction benefited from Babson Capital’s experience and expertise in the lower middle market, its highly collaborative approach, and its reliability and responsiveness.”

“Babson Capital is excited about the opportunity to extend our successful partnership with Swander Pace through our participation in the gloProfessional investment,” said Michael L. Klofas, managing director and head of Babson’s Mezzanine & Private Equity Group. “The management team of gloProfessional has built a strong position in a growing market, and we believe Swander Pace, with its reputation and track record in the beauty and personal care categories, is the perfect partner to help grow the gloProfessional brand.”

Swander Pace Capital is a private equity firm specializing in investments in growth-oriented, lower middle-market consumer companies.

Babson Capital Management and its subsidiaries serve institutional investors around the globe and focus on global corporate debt markets, structured products, debt and equity financing for commercial real estate and alternatives.