Maranon Leads Mezzanine Investment in Latest Gridiron Acquisition
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Maranon Leads Mezzanine Investment in Latest Gridiron Acquisition

Maranon Capital has made an investment in Performance Health and Wellness Holdings to support the acquisition of the business by Gridiron Capital. Maranon arranged and led a syndicate that provided mezzanine debt and an equity co-investment.

Performance Health & Wellness is a designer, manufacturer, and marketer of branded, consumable products sold to therapy, rehabilitation, and wellness professionals under the Thera-Band, Bio-Freeze, and Pedigenix brand names and to retailers under the Perform brand. The company’s products include resistance bands and tubing, topical analgesics, and foot care products, as well as a range of therapy and exercise products used by physical therapists, chiropractors, podiatrists, physical trainers, and massage therapists to promote strength and flexibility, and to provide pain relief for their patients. Performance Health is headquartered in Akron, OH and maintains manufacturing and sales operations globally (www.performancehealth.com).

“With its broad offering of recognized brands and global scale, Performance Health is ideally positioned within the rapidly growing market for rehabilitation and wellness products,” said Demian Kircher, Managing Director and the lead partner for Maranon Capital’s investment in Performance Health. “We are very pleased to support Gridiron Capital and the management team in this investment and look forward to working with them as they continue to grow the business.”

Other Maranon Capital team members involved in the Performance Health transaction included Ian Larkin, Managing Director and Co-Founder; Rommel Garcia, Vice President; and Colin McCarthy, Associate.

Maranon Capital provides senior financing, mezzanine debt and equity co-investments for private equity-backed and non-sponsored middle market transactions. The firm is currently managing over $550 million of committed capital. Maranon has offices in Chicago, IL; Birmingham, MI and South Bend, IN (www.maranoncapital.com).

“This investment in Performance Health and Wellness represents an important milestone for Maranon Capital as we have now invested in more than 30 platform companies and add-on acquisitions representing over $775 million of capital since 2008,” said Tom Gregory, Managing Director and Co-Founder of Maranon Capital.

© 2012 PEPD • Private Equity’s Leading News Magazine • 10-18-12

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