FINANCING
Candlewood Partners engages senior level advisors on every transactions. Our professionals work every deal from start to finish. Our detailed and experienced approach enhances the confidence, quality, and outcomes for every client.
| Client | Industry | Client Description | Transaction Summary |
|---|---|---|---|
| Alliance Staffing | Business Services | Specialty staffing business | A private group of franchisees engaged Candlewood to assist them in structuring, negotiation, and financing the purchase of nineteen industrial staffing franchises and transferring them to a consolidated entity known as Alliance Staffing to take advantage of certain economies of scale and reduce franchise obligations. |
| Amrep, Inc. | Specialty Chemicals | Manufacturer of specialty chemicals for the automotive, maintenance and general industrial markets | On behalf of the company, Candlewood negotiated a forbearance and restructuring with the senior lender group and sourced a new second lien investment at very attractive terms with no warrants |
| ATC Healthcare | Business Services | Healthcare and other specialty staffing | Buy side financial advisory services |
| Atlas Steel | Metals | Steel service company | Arranged a sale and leaseback of real estate |
| Buckeye Steel Castings | Industrial | Manufacturer of railroad couplers | Candlewood assisted in a restructuring, refinancing and sale of assets |
| Celebrity, Inc. | Business Services | Importer and distributor of artificial flowers | Underwriter of $27 million initial public offering |
| Confidential Industrial Mold Manufacturer | Industrial | Manufacturer of tire molds | Advised the shareholders in the acquisition of strategic operations in China and Europe |
| Duramax Marine, LLC | Industrial | Manufacturer and worldwide distributor of fluid lubricated bearings, heat exchangers fender protection systems, and propeller shaft sealing design solutions for the commercial, government, and pleasure marine industries. | Refinancing of the company's senior secured debt and restructuring of other obligations |
| Engineered Materials Solutions, Inc. | Metals | Largest producer of clad metals in North America; serving automotive, industrial controls, and telecommunications markets | On behalf of the company, Candlewood obtained replacement financing to acquire the loans held by a fatigued senior lender group at a discount (approx. $50MM of senior debt) and structured and negotiated an exchange offer with holders of the Company’s junior debt at an 85% discount (approx. $30MM), along with sourcing an additional equity investment. |
| ETI, Inc. | Industrial | Manufacturer of commercial explosives products for mining, quarry, construction and other industries | On behalf of the company, Candlewood negotiated a consensual restructuring, where the senior lender group agreed to extend maturity and reduce amortization, the mezzanine lenders exchanged their securities for discounted new securities and additional equity was injected into the Company for working capital purposes. |
| Fieldglass, Inc. | Business Services | Provider of technology-enabled personnel procurement solutions | Advised the shareholders in raising growth equity capital |
| GHN-Online | Healthcare | Provider of real-time claims management processing solutions | Advised the Company in raising growth equity capital. |
| High End Systems | Industrial | Manufacturer of automated stage lighting systems | Advised the shareholders in raising growth equity capital |
| Hooper Holmes | Healthcare | Provider of paramedical and medical examinations for life insurance companies | Underwriter of $94 million follow-on equity offering |
| Industrial Power Coatings | Industrial | Sponsor-backed industrial coatings provider | Candlewood was engaged to assist the private equity owner restructure and acquire the senior debt of its portfolio company. |
| Lazy Days RV SuperCenter | Automotive | Recreational Vehicle (“RV”) superstore that controls over 5% of the national RV market. | Candlewood was engaged as a financial advisor and successfully negotiated a standstill. The standstill provided the Company with sufficient liquidity to capture additional market share and return to its previous growth curve, resulting in the completion of an overall restructuring. |
| LCA Vision | Healthcare | Operator of LASIK eye surgery centers | Underwriter of $48 million follow-on equity offering |
| Mack Concrete | Building Products | Manufacturer of pre-cast concrete products | Restructured existing debt facility, reorganized business structure, and ultimately refinanced senior debt facility |
| Mednat | Staffing | Specialty staffing business | Recapitalization of the company |
| NASC, Inc. | Business Services | One of the largest operators of childrens sports camps in the U.S. that included professionally branded programs in soccer, football and golf | Refinancing of the business by placing junior securities with a private institutional investor |
| NCI Building Systems, Inc. | Building Products | Manufacturer of metal buildings | Underwriter of $17 million initial public offering |
| Owen Healthcare, Inc. | Healthcare | Provider of outsourced pharmacy management services | Advised the shareholders in raising growth capital |
| PFSweb | Business Services | Provider of transaction management services to manufacturers and retailers | Underwriter of $61 million initial public offering as a spin-off from Daisytek International Corp |
| Right Management | Business Services | Outplacement agent for the automotive industry | Advised the shareholders on a debt recapitalization of the business |
| Select Personnel | Business Services | Specialty staffing business | Arranged senior and mezzanine debt financing and assisted with the acquisition of a public target |
| Summit Technology | Healthcare | Manufacturer of excimer laser equipment used in LASIK eye surgeries | Underwriter of $56 million follow-on equity offering |
| VALLIS Form Service | Business Services | Provider of custom business forms | Advised the shareholders in raising growth equity capital |
| Vignette | Technology | Developer of content management software | Underwriter of $406 million follow-on equity offering |
| Whole Foods Market | Consumer Markets | Operator of national health food grocery store chain | Underwriter of $27 million initial public offering |