Maranon Capital closed its first SBIC fund, Maranon Mezzanine Fund III-B. The fund is Maranon’s third commingled investment vehicle that targets unitranche, mezzanine and equity co-investments in businesses with $3 million or more of EBITDA.
Maranon Capital served as administrative agent on a senior credit facility to support DirectPath’s merger with Flores & Associates. Both organizations are portfolio companies of Century Equity Partners.
Maranon Capital was joint lead arranger for a senior secured credit facility to support Comvest Partners’ acquisition of Engage2Excel.
Maranon Capital closed its third collateralized loan obligation (CLO), Maranon Loan Funding 2018-1. The $625 million middle-market CLO was arranged by Wells Fargo Securities.
Mykel Kilgore joined Maranon Capital as a portfolio analyst. In this role, Kilgore will primarily work with Maranon’s underwriting and loan operations teams to manage new and existing investments.
TCF Capital Funding provided $17.8 million in secured financing to support Knox Capital Holdings and Maranon Capital in the recapitalization of HaystackID.
Maranon Capital funded a unitranche facility to support the acquisition of Lakeview Health by The Riverside Company. Maranon served as administrative agent for the transaction.
Maranon Capital closed a new mezzanine investment to support the acquisition of Kronos Foods by Grey Mountain Partners.
Green Plains acquired SCI Ingredients in a deal valued at $250 million. The company said a group of lenders led by Maranon Capital provided a $130 million term loan and a $15 million revolver to support the deal.