Daily News: November 3, 2017

TCF Provides Financing for Pfingsten Partners


TCF Capital Funding, provided secured financing to support private-equity firm Pfingsten Partners in its acquisition of Lumenier Holdco.

Headquartered in Sarasota, FL, Lumenier is a provider of motors, propellers, antennas, airframes, batteries, electronics and other drone-related components sold under its own brand, Lumenier, as well as other third-party brands.

TCF Capital Funding Senior Vice President K.C. Beuker said, “We are excited to partner with Tim Nilson and Pfingsten Partners to support Pfingsten’s investment in Lumenier. Tim and his team have done a fantastic job positioning Lumenier for continued success and we are thrilled to partner with them and Pfingsten Partners as the company continues to execute its strategic initiatives.”