Daily News: October 29, 2014

MVC Capital Recruits Fifth Third Mezzanine Finance Team

MVC Capital announced the addition of four debt investment professionals from Fifth Third Bancorp’s Mezzanine Finance Group to accelerate MVC’s portfolio transformation to yielding investments. The team, which includes David J. Williams, as well as Harrison S. Mullin, David R. Gardner and Scott D. Foote, will join The Tokarz Group Advisers (TTG Advisers), the external manager of MVC and will be based in Cincinnati.

During their tenure at Fifth Third, the team completed 176 transactions, representing more than $800 million of mezzanine capital invested. As part of TTG Advisers, the team will continue to focus on middle market lending opportunities sourced from their expansive network of relationships with senior lenders, corporate executives and private equity sponsors built over decades of working within the banking industry.

Michael Tokarz, chairman & Portfolio Manager of MVC Capital, said, “We are delighted to welcome David and his team of talented investment professionals. As seasoned debt investors through decades of investment cycles, the team brings to MVC sourcing and lending expertise to supplement our already strong investment group. Their expertise will enhance MVC’s efforts to grow our mezzanine lending business and provide creative capital solutions for the middle market.”

Williams said, “We are excited about joining MVC and look forward to immediately impacting MVC’s yield strategy. We look forward to building upon MVC’s successful investment platform and driving strong returns for MVC’s shareholders. We are thrilled to remain in Cincinnati, an important strategic location that allows us continued access to investment opportunities from our long-term relationships in the financial community.”

David Williams co-founded Fifth Third’s Mezzanine Finance Group in 1999. As a senior investment professional with more than 30 years of investment experience, he has led or co-led transactions, representing over $2 billion of capital invested. Williams also led the efforts to establish Fifth Third’s Western Pennsylvania affiliate and Private Placements product. Prior to Fifth Third he worked at First Interstate Bank, The Bank of California (where he was named the youngest VP in the bank’s history) Union Bank of California and PNC. Williams holds FINRA Series 7, 63, and 79 licenses.