Daily News: November 14, 2012

Babson Provides Subordinated Debt, Equity For AMS Recap


Babson Capital Management, a global investment management firm, announced it provided subordinated debt and made an equity co-investment to support Stone Arch Capital’s recapitalization of Asset Marketing Services (AMS).

Babson Capital served as the lead provider of subordinated debt on the transaction.

Burnsville, MN-based AMS is a multi-channel direct marketer of high-value collectible coins and proprietary branded jewelry and watches. AMS sources and markets historical and newly released coins.

“Babson Capital’s deep experience in financing lower-middle-market companies and its longstanding relationship with Stone Arch Capital combined to make the recapitalization of Asset Marketing Services an efficient and seamless transaction,” said Charlie Lannin, managing partner of Stone Arch Capital. “The expertise and relationship-oriented approach of Babson Capital’s Mezzanine & Private Equity Group have made them a value-added partner on every investment we have been involved in together.”

Minneapolis-based Stone Arch Capital is a private equity group that makes equity investments in lower-middle-market companies primarily based in the Midwest with revenues typically ranging from $20 million to $150 million.

Babson Capital Management and its subsidiaries serve institutional investors around the globe and have over $154 billion in assets under management.