Daily News: November 7, 2012

Victory Park Provides Facility, Equity to Support Acquisition


Victory Park Capital (VPC) announced its SBIC fund provided a senior credit facility to help finance Chicago-based K.R. Abraham & Co.’s (KRA) acquisition of O. Keller Tool Engineering Company. In addition to the credit facility, the fund also co-invested in the equity.

VPC’s partnership with management and KRA allowed for a recapitalization of O. Keller’s business and positions the company for further growth and expansion in its core markets. Post close, Brian Van Norman will continue in his role as president, actively running O. Keller’s day-to-day operations.

Livonia, MI-based O. Keller Tool Engineering Company is a niche designer and manufacturer of highly-engineered tools, specialty gages, assembly line tools and fixtures.

Victory Park Capital provides direct financing solutions to small cap and middle-market companies across a wide range of industries.

K.R. Abraham & Co. is a Chicago-based private investment firm that seeks to acquire lower middle-market companies across a range of industries.