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South Franklin Street Partners Provides Senior Subordinated Debt to Continental Holdings, Inc.
Cleveland, Ohio (April, 2005) -- South Franklin Street Partners' mezzanine fund (ACP-I) provided senior subordinated debt to Continental Holdings, Inc., a company newly formed for the purpose of acquiring all of the issued and outstanding stock of The Dixie Group ("Dixie").
Dixie, headquartered in Norfolk, Virginia, provides packaging and crating services for customers shipping products, primarily equipment, both domestically and internationally. Dixie has ten branch locations strategically located throughout the southern United States near major ports. Dixie's typical customer is a manufacturer of equipment or other large products which cannot be easily packaged for shipment domestically or offshore.
About South Franklin Street Partners
South Franklin Street Partners, through its mezzanine fund, ACP-I, L.P., is in the business of investing junior capital in middle market companies with annual revenues between $10 million to $150 million. ACP-I utilizes its capital to fund buyouts of minority or majority shareholders, ESOPs, non control recapitalizations, generational transfers, acquisitions, or to facilitate the growth of profitable middle market businesses. ACP-I's target investment size is $2 million to $10 million but can provide additional capital in conjunction with affiliated investors. ACP-I normally invests subordinated debt with warrants or preferred stock with an equity participation feature. Other structures will be considered, where appropriate.
South Franklin Street Partners provides Senior Subordinated Debt to Gateway Distribution, Inc.
South Franklin Street Partners Provides Subordinated Debt to Great Western Products Company.
South Franklin Street Partners Provides Subordinated Debt and Equity to Swiss-Tech, LLC.
South Franklin Street Partners Provides Senior Subordinated Debt to Precision Technology, Inc.
South Franklin Street Partners Provides Senior Subordinated Debt and Preferred Stock to Support Buyout of Brantley Trucking
South Franklin Street Partners Provides Senior Subordinated Debt and Preferred Stock to Support Buyout of National Mobile Television
South Franklin Street Partners Provides Mezzanine Financing to National Archive Publishing Company
South Franklin Street Partners Provides Senior Subordinated Debt to Rutland Plastics, Inc.
South Franklin Street Partners Provides Senior Subordinated Debt to Gerli & Co., Inc.
South Franklin Street Partners Provides Senior Subordinated Debt to Continental Holdings, Inc.
South Franklin Street Partners Provides Mezzanine Financing To Wessels Company
South Franklin Street Partners Provides Mezzanine Financing to Hedwin Corporation
South Franklin Street Partners Provides Senior Subordinated Debt to MC Assembly, Inc.
South Franklin Street Partners Announces Final Closing Of Its Mezzanine Fund
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