LBC Credit Backs Blue Wolf Buy
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LBC Credit Backs Blue Wolf Buy

LBC nf1LBC Credit Partners has provided $43.5 million of senior secured credit facilities to support the acquisition of North American Rescue, a supplier of tactical medical products, by Blue Wolf Capital Partners.  This transaction closed in March 2015 and LBC Credit was the Agent and Sole Lead Arranger.

North American Rescue’s (NAR) tactical medical products include tourniquets, chest seals and decompression needles and are sold to military, federal agency, civilian law enforcement, and EMS customers.  Within its employee group, NAR has assembled a staff of former special operations medics, experienced law enforcement and healthcare providers, credentialed product development and quality professionals, former senior military medical officers and expert consultants. NAR was founded in 1996 and is headquartered in Greenville, SC (www.narescue.com).

LBC Credit Partners is a provider of middle market financing to companies with EBITDAs generally greater than $10 million. Products include senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. LBC invests from $10 million to $50 million per transaction supporting acquisitions, growth strategies, refinancings, recapitalizations, and restructurings. LBC has more than $1.75 billion of capital commitments and is headquartered in Philadelphia with additional offices in Chicago and Greenwich (www.lbccredit.com).

Blue Wolf invests in companies in which management of relationships with complex constituencies – such as government and labor – can change organizations and create value. The firm’s investment criteria are minimum revenues of $25 million; minimum transaction size of $20 million; and a minimum investment size of $10 million. The firm focuses its efforts on companies based in the United States and Canada. Blue Wolf is currently investing its third fund with $300 million in limited partner equity commitments. The firm is headquartered in New York (www.blue-wolf.com).

North American Rescue’s Chief Executive Officer, Bob Castellani, and other members of the NAR management team invested alongside Blue Wolf and remain in their current positions.

Blue Wolf invests in companies in which management of relationships with complex constituencies – such as government and labor – can change organizations and create value. The firm’s investment criteria are minimum revenues of $25 million; minimum transaction size of $20 million; and a minimum investment size of $10 million. The firm focuses its efforts on companies based in the United States and Canada. Blue Wolf is currently investing its third fund with $300 million in limited partner equity commitments. The firm is headquartered in New York (www.bluewolfcapital.com).

© 2015 PEPD • Private Equity’s Leading News Magazine • 6-10-15

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