Daily News: December 14, 2012

Graycliff Closes First Investment in New Mezzanine Fund


Graycliff Partners completed a new mezzanine investment in Naumann Hobbs Material Handling on Dec. 10, 2012. Headquartered in Phoenix, AZ, Naumann Hobbs is a full-service material handling equipment distributor and aftermarket service provider. Graycliff provided subordinated debt financing in support of a recapitalization of the company.

Graycliff will continue its mezzanine investment strategy in Graycliff Mezzanine II, LP by partnering with profitable mid-sized businesses providing capital for acquisitions, management buyouts, recapitalizations, growth and development.

Graycliff Partners is an independent investment firm focusing on middle-market private equity and mezzanine investments in the U.S. and Latin America.

Naumann Hobbs is a full-service material handling dealership that leases, sells and services a variety of electric and internal combustion forklifts and other commercial products.