Daily News: March 31, 2015

Babson Supports Blue Point Investment in Handi Quilter

Babson Capital provided subordinated debt and made an equity investment to support Blue Point Capital Partners’ acquisition of Handi Quilter.

“Blue Point is delighted to partner with Babson on this investment, whose reputation for responsiveness and flexibility was well known to us from our work together on previous investments,” said Sean Ward, a partner with Blue Point. “We look forward to working with the Babson team on the Handi Quilter investment and hope to partner again on future investments.”

“Babson is pleased to support Blue Point Capital Partners on its investment in Handi Quilter,” said Mike Klofas, managing director and co-head of Babson’s U.S. Private Finance Group. “We are excited about Handi Quilter’s growth prospects as it works with Blue Point to leverage its leading market position and expand into new sales channels to capitalize on strong growth trends in the at-home quilting equipment market.”

North Salt Lake, Utah-based Handi Quilter designs, manufactures and markets quilting machines for at-home quilting enthusiasts.