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TCF Capital Funding Supports Cathay Capital’s Recap of Innovative Office Products

May 25, 2018, 07:28 AM
Filed Under: Office Equipment

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that it provided secured financing to support the recapitalization of Innovative Office Products, LLC, led by Cathay Capital Private Equity. Cathay Capital partnered with management, Norwest Mezzanine Partners and ORIX Mezzanine & Private Equity (“ORIX”) in this recapitalization.

Based in Easton, PA, Innovative ( is an award-winning designer and manufacturer of office and workspace ergonomic and related products including monitor arms, sit-stand workstations, multi-monitor mounts and desk stands, point-of-sale (POS) mounts and healthcare and specialty OEM mounting solutions. The Company designs, develops and assembles leading products in the U.S. and sells into multiple markets including corporate offices, retailers, hospitality providers, hospitals and other healthcare providers, and to the government.

“We are excited to continue our relationship with Innovative and participate with Cathay Capital, Norwest and ORIX on this recapitalization,” said Kevin Nowak, TCF Capital Funding Senior Vice President. “Innovative has built a strong brand by providing quality ergonomic solutions to meet the demands of its customers across many markets. Cathay Capital will further enhance the Company’s ability to expand its business globally. We look forward to supporting Innovative during this next phase of growth.” 

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