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TCF Capital Funding Provides $16MM to Support PE Buyout of Spiral Binding Co.

July 17, 2017, 08:01 AM

TCF Capital Funding, a division of TCF National Bank, announced that it provided $16,000,000 in secured financing to support KCB Private Equity and Hilltop Private Equity in their acquisition of Spiral Binding Company. The existing shareholders of Spiral will remain as substantial investors in the Company, while additional mezzanine debt was provided by QS Capital Strategies.

Headquartered in Totowa, NJ, Spiral has an 85-year history and is today a leading manufacturer and worldwide distributor of a diverse line of print finishing, graphic arts, and presentation products and services. Spiral operates six distribution centers nationwide, and has a highly qualified team of professionals to provide solutions to match any area of need regarding equipment and supplies relating to binding, laminating, paper handling, photo finishing, and custom imprinting services.  Spiral is also the exclusive global manufacturer and distributor of the PinchbookTM photobook and Silver LiningsTM Self-Adhesive Photo Panels, licensed through Hewlett Packard.  

“Spiral has differentiated itself within a mature industry and consistently demonstrated an ability to maintain its core markets while achieving growth through diversification into ancillary markets”, said Scott Nielsen, TCF Capital Funding Vice President. “Hilltop and KCB conducted valuable due diligence to prove out the attractive aspects of both the market segment and Spiral’s position within it, and we are delighted to have participated in this transaction."

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