Brookside Mezzanine Partners has made an investment in Stagnito Partners, a business-to-business media company and a portfolio company of Topspin Partners. Brookside provided a unitranche debt facility and common equity to support the recapitalization and acquisition strategy of Stagnito.
“We are pleased to complete this transaction with Brookside Mezzanine Partners,” said Steve Lebowitz, Managing Director of Topspin. “They have demonstrated time and time again that they are good partners to work with, and we look forward to growing the business to the next level with their partnership.”
Stagnito is a trade media company that publishes seven business-to-business magazines in addition to producing research, directories and providing custom marketing services to its customers. Stagnito’s trade magazines serve food, gourmet and convenience store retailers. Magazine titles include Progressive Grocer, Convenience Store News, Private Label Store Brands, Single Store Owner, The Gourmet Retailer, Retail Leader, and Hispanic Retail 360. Stagnito also produces trade shows and conferences including Store Brands Decisions Innovation & Marketing Summit, Hispanic Retail 360 Summit, and Private Label Store Brands Collaboration Summit. The company was founded in 1990 and is headquartered near Chicago in Deerfield, IL (www.stagnitomedia.com).
Brookside Mezzanine Partners provides subordinated debt and minority equity to small and mid-sized companies seeking long-term capital to support buyouts, leveraged recapitalizations, strategic acquisitions, dividends and growth capital. Target companies generally have trailing twelve month revenue of at least $15 million and EBITDA of at least $3 million. Brookside manages $500 million through three mezzanine funds. The firm was founded in 2001 and has offices in Stamford, CT and Boston, MA (www.brooksidemezzanine.com).
Topspin LBO makes control investments in profitable and established lower middle-market businesses. Sectors of interest include consumer products, business services, food & beverage, retail, media, niche manufacturing and security. The firm is based near New York City in Roslyn Heights, NY (www.topspinlbo.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 11-20-13
