LBC Small Cap provided senior secured credit facilities and an equity co-investment to support Susquehanna Private Capital’s investment in Soccer Shots. LBC Small Cap served as agent and sole lead arranger for the senior secured credit facilities.
LBC Credit Partners has a history of working in the middle market, but by creating two separate yet complementary investment strategies, it has developed an active pipeline in the lower middle market as well. Don Rice of LBC Small Cap explains the origins of the business unit as well as its approach and symbiotic relationship with LBC Credit Partners overall.
LBC Small Cap, an affiliate of LBC Credit Partners, acted as the sole lead arranger and agent on a senior secured credit facility and equity co-investment to support Susquehanna Private Capital’s acquisition of Authority Franchise Systems, known as Mosquito Authority.
LBC Small Cap provided senior secured credit facilities to Avision Sales Group, a portfolio company of Osceola Capital. The investment will support Avision’s acquisition of Apex Reps, a provider of outsourced sales and marketing services for janitorial and sanitation manufacturers.
LBC Small Cap Management closed its first fund, LBC Small Cap SBIC, at $139 million.