Graycliff Partners has completed a new mezzanine investment in Naumann Hobbs, a material handling equipment distributor and aftermarket service provider and a portfolio company of HCI Equity Partners. Graycliff provided subordinated debt financing in support of a recapitalization of the company.
Naumann Hobbs is a material handling equipment distributor and aftermarket service provider that leases, sells and services a variety of electric and internal combustion forklifts and other commercial products. Naumann Hobbs is headquartered in Phoenix, AZ (www.performancepeople.com).
Graycliff Partners focuses on middle market private equity, mezzanine and real estate investments in the United States and Latin America. Since 1991, the Graycliff Partners team, previously operating as HSBC Capital, has invested over $1 billion and completed in excess of 80 transactions. Mezzanine investments are made through Graycliff Mezzanine II in mid-sized businesses for acquisitions, management buyouts, recapitalizations, growth and development. The firm invests in businesses with revenues of less than $100 million primarily in the manufacturing, distribution and service sectors. Graycliff Partners has offices in New York and São Paulo (www.graycliffpartners.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 12-13-12