Daily News: December 1, 2017

Praesidian Capital Supports Topspin Partners’ Remedy Health Media Buy

Praesidian Capital agented a $12 million mezzanine debt investment and a $300,000 equity co-investment to support Topspin Partners‘ acquisition of Remedy Health Media.

Headquartered in New York City, Remedy is a digital health platform specializing in inspirational, video-based storytelling and award-winning digital brands. The company’s portfolio of brands includes HealthCentral, TheBody, TheBodyPro, BerkeleyWellness and Healthcommunities.

Leigh Randall, managing partner at Topspin, said, “Praesidian has proven to be an excellent partner that provides flexible capital and is able to meet aggressive timelines. We have closed several deals with the Praesidian team, and they have consistently delivered.”

Praesidian Capital is a private investment firm focused on providing senior and subordinated debt along with growth capital to private lower middle market businesses in the U.S., UK, Germany and selectively in Northern Europe.

Topspin Partners is a suburban New York-based private equity fund that makes investments in profitable and established lower middle-market businesses.