The U.S. Small Business Administration named Spell Capital Mezzanine SBIC Partners II of Minneapolis the 2020 Small Business Investment Company of the Year as part of National Small Business Week.
Spell Capital Mezzanine, along with other national winners and finalists for the National Small Business Person of the Year, will be honored in a virtual event that will be held Sept. 22 to Sept. 24.
Spell Capital Mezzanine was selected for its longevity in the SBIC program, its investment track record and its dedication to supporting the growth and expansion of small businesses, particularly in underserved markets.
Spell Capital Partners is an established manager of private equity and mezzanine capital based in Minneapolis. Founded in 1988, Spell Capital has more than 30 years of experience. Currently, the firm manages more than $1 billion of capital (AUM) and has finished investing its fifth private equity buyout fund, Spell Capital Partners Fund V, and it is now investing Spell Family Office capital in new control equity deals. Additionally, it is investing in its second mezzanine fund, Spell Capital Mezzanine Partners II.
As an SBA-licensed SBIC, Spell Capital Mezzanine provides subordinated debt and non-control equity to businesses in a variety of industries across the United States. It finances leveraged acquisitions backed by lower middle market private equity sponsors, management and family driven ownership transitions, add-on acquisitions, recapitalizations, and growth initiatives.
The SBIC of the Year award is administered by the SBA’s Office of Investment.