FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

TCF Capital Funding Provides $7MM to Support Corridor Capital Investment

October 10, 2016, 08:01 AM
Filed Under: Marketing

TCF Capital Funding provided $7 million in secured financing in connection with an investment by Corridor Capital to support the expansion of Connecting Point Marketing Group, Inc.’s (“Connecting Point” or the “Company”) very successful Events business. Aldine Capital Partners also contributed mezzanine debt and equity to the transaction.

Headquartered in Rye, NH, Connecting Point is a producer of business-intensive Events which connect senior level executives for innovation in the food retail, hospitality, specialty retail and healthcare industries. The Company delivers high impact business experiences for its event attendees by designing unique, focused and informative agendas customized for each participant and providing a white glove, unparalleled level of service for all to ensure a best-in-class experience. Connecting Point Events are known as the place “where business gets done,” which is evidenced by the regular attendance of the leading national and regional restaurant, hotel and retail chains and healthcare organizations.

“We are excited to partner with Corridor and Connecting Point. The Connecting Point team has created a superior brand through the consistent development of innovative Events in the food retail, hospitality, specialty retail and healthcare industries. The value of these Events is evident in the exceptional satisfaction levels of Connecting Point’s customers. We believe the partnership between the Company’s management and Corridor will allow Connecting Point to further expand its presence and enhance its value to customers,” said Kevin Nowak, TCF Capital Funding Senior Vice President. This transaction marks the second secured facility that TCF has provided in connection with a Corridor investment.

TCF Capital Funding provides cash flow and asset-based lending to lower middle market businesses.  National in scope, this senior leveraged lending group focuses on providing private equity sponsor-backed cash flow loans and asset-based loans to companies with less than $100 million in revenue and between $2 million and $10 million in EBITDA.

Corridor Capital, LLC’s private equity strategy is to leverage its internal operating expertise and extensive network of executives to create value in control transactions in the lower middle market. Corridor, a dedicated fund, works actively in partnership with its portfolio company management teams to create sustainable and scalable infrastructure and to grow organically and through acquisition. The firm focuses on companies in specialty manufacturing, business services and environmental services. Corridor is headquartered in Los Angeles, California.

Aldine Capital Partners is a private investment firm, which provides mezzanine and junior capital financing to lower middle-market companies. Aldine typically invests $2 – $15 million per transaction in a combination of subordinated debt and minority equity. Collaborating with traditional and independent sponsors as well as talented management teams, Aldine deploys capital to facilitate growth, support acquisitions/buyouts, or provide shareholder liquidity.







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.