Caymus Equity Partners and Centerfield Capital Partners have acquired Direct Marketing Solutions in partnership with the company’s management.
Direct Marketing Solutions (DMS) is a vertically integrated direct marketing service provider that develops and executes direct marketing programs on behalf of Fortune 1000 companies. The company is based in Portland, OR (www.teamdms.com).
TCF Capital Funding provided $8.5 million in senior secured credit facilities in support of the recapitalization of Direct Marketing Solutions. “We have a long standing relationship with the management team, Mike and Steve Sherman, and DMS. We are excited by this opportunity to provide senior financing for the recapitalization of DMS and look forward to a long term relationship with Caymus Equity Partners, Centerfield Capital Partners and management,” said Joseph Gaffigan, President of TCF Capital Funding.
TCF Capital Funding provides asset-based and cash flow financing to lower middle market businesses. TCF Capital provides asset-based loans and private equity sponsor-backed cash flow loans to companies with less than $100 million in revenue and between $2 million and $10 million in EBITDA. The firm is based in Burr Ridge, IL (www.tcfcapitalfunding.com).
Caymus Equity Partners invests from $3 million to $25 million in middle and lower-middle market companies that have at revenues of $10 million to $100 million and at least $2 million in EBITDA. Sectors of interest include business services, healthcare, consumer, and media & communications. The firm is based in Atlanta (www.caymuspartners.com).
Centerfield Capital Partners provides subordinated debt and equity financing to middle market companies primarily in the Midwest. Centerfield invests from $2 million to $15 million in profitable growth companies, generally to facilitate changes in ownership, recapitalizations or growth. The firm has approximately $200 million in capital under management and is based in Indianapolis, IN (www.centerfieldcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-23-13
