Daily News: October 10, 2016

TCF Capital Funding Provides $7MM to Corridor Capital Investment

TCF Capital Funding provided $7 million in secured financing in connection with an investment by Corridor Capital to support the expansion of Connecting Point Marketing Group’s events business. Aldine Capital Partners also contributed mezzanine debt and equity to the transaction.

Headquartered in Rye, NH, Connecting Point is a producer of business-intensive events, which connect senior level executives for innovation in the food retail, hospitality, specialty retail and healthcare industries.

“We are excited to partner with Corridor and Connecting Point. The Connecting Point team has created a superior brand through the consistent development of innovative events in the food retail, hospitality, specialty retail and healthcare industries. The value of these events is evident in the exceptional satisfaction levels of Connecting Point’s customers. We believe the partnership between the company’s management and Corridor will allow Connecting Point to further expand its presence and enhance its value to customers,” said Kevin Nowak, TCF Capital Funding senior vice president.

This transaction marks the second secured facility that TCF has provided in connection with a Corridor investment.

Corridor Capital is a private equity group that focuses on transactions in the lower middle market, specifically in specialty manufacturing, business services and environmental services.

Aldine Capital Partners is a private investment firm, which provides mezzanine and junior capital financing to lower middle-market companies.