LBC Credit Partners Provides Credit Facility To Support Frontenac Company's Investment In The Portfolio Group
PHILADELPHIA, Feb. 19, 2013 /PRNewswire/ -- LBC Credit Partners ("LBC"), a leading provider of financing solutions to middle market companies, today announced that it provided a credit facility and an equity co-investment to support Frontenac Company's investment in the Portfolio Group.
LBC Credit Partners was the Sole Lead Arranger, Sole Bookrunner and Administrative Agent for this transaction.
The Portfolio Group is a leading provider of outsourced financial services to automobile dealerships. Portfolio Group manages all facets of automobile dealers' aftermarket, extended warranty and vehicle service contract programs, including establishing and administering dealer-owned risk transfer and reinsurance. The company is based in Irvine, CA.
Frontenac Company is a Chicago-based private investment firm founded in 1971 and is currently investing from their tenth equity fund. They invest in high-quality, closely-held companies, primarily in services industries. Frontenac works with the owners of mid-sized businesses, almost always families or founders, as they address complex transition issues of liquidity, management enhancement, and growth planning. Frontenac has been involved with over 200 ownership transitions in closely-held companies and are patient investors, allowing the time for companies to realize their full potential.LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With over $1.25 billion of committed capital, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. Headquartered in Philadelphia, LBC has offices in New York City and Chicago. For more information, visit www.lbccredit.com MEDIA CONTACT: Linda McDonoughPhone: (610) 631-5702 firstname.lastname@example.org SOURCE LBC Credit Partners
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV