Daily News: June 9, 2014

Cole Taylor Business Capital Funds Deal for LVCG

Cole Taylor Business Capital said it recently funded a $7.362 million senior revolving credit facility to Las Vegas Color Graphics (LVCG) of Nevada. Proceeds of the loan facilitated a change of control and the recapitalization of the company and will also be used to fund ongoing working capital needs.

LCVG is a provider of high-end commercial printing, mailing and signage services including electronic prepress, offset and digital printing, finishing, fulfillment and delivery to corporate clients nationwide.

Spell Capital Mezzanine Partners (SCMP), which made a capital investment in LVCG, provides subordinated debt and non-control equity to businesses in a variety of industries across the United States. They finance leveraged acquisitions backed by lower middle-market private equity sponsors, management and family driven ownership transitions, add-on acquisitions, recapitalizations and growth initiatives.

“We value the experience and professionalism of the people at Cole Taylor Business Capital,” said Andrew Leonard, managing director at SCMP. “They were responsive to the needs of LVCG and the investor group, offering a flexible financing package while executing a seamless closing.”

Convergent Capital, a Minneapolis, MN-based investment firm also provided debt. Convergent Capital offers structured capital to assist in the growth and/or acquisition of businesses committed to long-term, sustainable growth in a broad range of industries.

Bill Vargas, LVCG chief financial officer, said of the deal, “The creativity and flexibility of the financial solution offered by Cole Taylor Business Capital fit perfectly with the needs of LVCG. We truly look forward to having Cole Taylor Business Capital, SCMP and Convergent Capital as our capital partners going forward.”