Fifth Third Business Capital served as lead lender and administrative agent on a $13 million senior credit facility to facilitate the acquisition of Donnelly Custom Manufacturing by Akoya Capital Partners. The financing also will assist the company with capital expansion, growth and working capital funding.
The deal team for Fifth Third included Mike Wolf, managing director of asset-based lending; Jeff Seiden, senior vice president of underwriting; and Richard Sitz, vice president of portfolio management.
Donnelly Custom Manufacturing is a plastics manufacturer based in Alexandria, MN.
Akoya Capital Partners is an independent sector-focused private equity sponsor located in Chicago.
Fifth Third Business Capital provides asset-based financing from $5 million and up to large corporate and middle market companies throughout the United States and Canada.