TCF Capital Funding Supports Direct Marketing Solutions Recap
TCF Capital Funding, the Chicago-based leveraged finance division of TCF National Bank, announced that it provided $8.5 million in senior secured credit facilities in support of the recapitalization of Direct Marketing Solutions by a group formed by Caymus Equity Partners, including Caymus Equity Partners, Centerfield Capital Partners and Management.
Portland, OR-based DMS is a vertically integrated direct marketing service provider that develops and executes strategic direct marketing programs on behalf of Fortune 1000 companies.
Joseph P. Gaffigan, president of TCF Capital Funding, said, “We have a long standing relationship with the management team, Mike and Steve Sherman, and DMS. We are excited by this opportunity to provide senior financing for the recapitalization of DMS and look forward to a long term relationship with Caymus Equity Partners, Centerfield Capital Partners and management.”
TCF Capital Funding provides asset-based and cash flow lending to lower middle-market businesses.