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TCF Capital Funding Provides $8.5MM Financing to Direct Marketing Solutions, Inc.

January 22, 2013, 07:24 AM

TCF Capital Funding (TCFCF) , the Chicago-based leveraged finance division of TCF National Bank, provided $8.5 million in senior secured credit facilities in support of the recapitalization of Direct Marketing Solutions, Inc. by a group formed by Caymus Equity Partners, including Caymus Equity Partners, Centerfield Capital Partners and Management.

Based in Portland, OR, DMS is a vertically integrated direct marketing service provider that develops and executes strategic direct marketing programs on behalf of Fortune 1000 companies. With over 30 years of experience in the industry, the owners have built DMS into a leading direct marketing agency with a strong market position and renowned reputation for executing high quality direct marketing campaigns for long time marquee clients.

Joseph P. Gaffigan, president of TCF Capital Funding, said, “We have a long standing relationship with the management team, Mike and Steve Sherman, and DMS.  We are excited by this opportunity to provide senior financing for the recapitalization of DMS and look forward to a long term relationship with Caymus Equity Partners, Centerfield Capital Partners and management.”

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

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