Daily News: April 9, 2014

Deloitte Advises Level Four on Penta Fund

Deloitte Corporate Finance acted as financial advisor to Level Four Orthotics & Prosthetics in its growth capital recapitalization with Penta Mezzanine Fund. With the transaction complete, Level Four plans to execute a number of strategic acquisitions.

“DCF’s experience, insight and relationships allowed us to secure an optimal transaction structure in a short-time frame. We are excited to partner with Penta as we grow Level Four through its next stage,” said Richard Gingras, founder of Level Four.

“Level Four generated significant interest among prospective mezzanine providers due to its detailed growth plan, strong management team and favorable market position. We are excited to have assisted Level Four in this capital raise,” said Dave Vorhoff, managing director, Deloitte Corporate Finance.

Level Four is a patient-focused pediatric and adult orthotics and prosthetics provider with 25 clinics located throughout the Southeast, Mid-Atlantic and Texas.

Orlando, FL-based Penta Mezzanine Fund is a private investment firm providing $2 to $15 million in customized growth capital for lower-middle-market companies nationwide.