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Babson Capital Backs AEA Investors’ Purchase of Aramsco Holdings

June 24, 2013, 07:32 AM
Filed Under: Distribution

Babson Capital Management announced it provided subordinated debt and made an equity co-investment to support AEA Investors LP’s acquisition of Aramsco Holdings Inc. Babson Capital was the lead provider of subordinated debt on the transaction, with the balance provided by AEA Mezzanine Fund III LP.

Founded in 1966 and based in Paulsboro, N.J., Aramsco is a leading distributor of safety products, equipment and supplies to customers engaged in asbestos and lead abatement, commercial and residential building restoration, and surface preparation.

“AEA Investors is pleased to work together again with Babson Capital on the investment in Aramsco Holdings,” said Tim Whelan, Vice President for AEA Investors LP. “The middle-market experience and expertise of the Mezzanine & Private Equity Group, combined with its commitment to client service, make Babson Capital an ideal partner for AEA Investors.”

“Babson Capital is happy to be part of AEA’s investment in Aramsco Holdings,” said Michael L. Klofas, Managing Director and Head of the U.S. Mezzanine & Private Equity Group. “Aramsco has built a successful business based on unmatched service and knowledge of their customers’ needs, and we are excited about the opportunity for the company to benefit from AEA’s considerable experience in the distribution sector.”

AEA Investors LP was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices with substantial assets.

Babson Capital Management LLC and its subsidiaries serve institutional investors around the globe and have $181 billion in assets under management as of March 31, 2013. Through proprietary research, analysis and a focus on investment fundamentals, we develop products and strategies that leverage our broad expertise in fixed income, equities, alternatives, structured products, debt financing for corporations and debt and equity financing for commercial real estate.

See also:

BMO Harris Bank Agents $69MM Facility for Aramsco Holdings, June 19, 2013



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