Daily News: September 14, 2018

LBC Credit Supports Liberty Party Rental Recap & Acquisition

LBC Credit Partners provided senior secured credit facilities to support the acquisition and subsequent recapitalization of Liberty Party Rental by CE Rental, a portfolio company of Dubin Clark.

LBC served as agent and sole lead arranger for the senior secured credit facilities.

CE Rental, founded in 1952 and headquartered in Raleigh, NC is a special event rental company that provides a variety of event rental equipment including tents, linens, fine china, flatware, dinnerware, tables and chairs. Since being acquired by Dubin Clark in February 2017, CE Rental expanded its geographic footprint and product offering through the acquisitions of Skyline Tent Company (Charlottesville, VA and Charleston, SC), Capital Party Rentals (Dulles, VA), Festive Fare Rentals (Charlottesville) and locations in Raleigh and Charlotte, NC.

Based in Nashville, TN, Liberty Party Rental is known for introducing innovative new rental products and offering an extensive inventory of china, tables, chairs, tents, linens, dance floors, bars and catering equipment. The acquisition of Liberty Party Rental further expands upon CE Rental’s growth throughout the Southeast.

Dubin Clark, founded in 1984 and headquartered in Boston, has a long history of investing in middle-market buyouts and building businesses in partnership with the management of their portfolio companies.