Active Portfolio Companies



$24,000,000




Ohio Medical Corporation

A leading global supplier of suction and oxygen therapy products

Amvex Corporation

A leader in the Secondary Medical Equipment Market

MVC Capital sponsored the acquisition of Amvex Corporation by Ohio Medical Corporation (OMC). The acquisition allows OMC to integrate technologies from both companies which will provide customers with a comprehensive line of quality products

November 2007

 

Ohio Medical Corporation is a leading designer, manufacturer and distributor of devices used in healthcare and industrial applications. Its products include suction and oxygen therapy equipment, portable suction devices, custom vacuum and compressed air pumping systems, vacuum regulators, flowmeters, fittings and ancillary products.

Visit Ohio Medical Corporation's website

Amvex Corporation provides technically advanced Secondary Medical products to the Health Care Industry. Its products include flowmeters, vacuum regulators, adapters, couplers, NPT fittings, international fittings and more.

Visit Amvex Corporation's website

   


$24,000,000




Custom Alloy Corporation

Manufacturer of time-sensitive and mission-critical butt-weld pipe fittings for the energy industry.

MVC Capital provided $14,000,000 subordinated debt and $10,000,000 minority equity for the recapitalization of the company.

October 2007

 

High Bridge, NJ based Custom Alloy Corporation is a leading manufacturer of time-sensitive butt-weld pipe fittings for customers in the natural gas pipeline, power generation, oil and gas refining and extraction, and nuclear generation markets

To learn more about Custom Alloy visit their website at www.customalloy.us

   


$40,000,000




MVC Automotive Group B. V.

An Amsterdam-based holding company that owns and operates nine Ford dealerships located throughout Europe.

MVC Capital provided $19,000,000 of bridge financing and $21,000,000 of equity financing.

September 2007

 

MVC Automotive Group B.V. is an Amsterdam, Netherlands based holding company for MVC owned automotive distribution centers. MVC currently owns and operates Ford dealerships in Austria, Belgium, Czech Republic and the Netherlands.

   


$18,000,000




U. S. Gas & Electric

A marketer & distributor of natural gas to small commercial and residential retail customers in the State of New York.

The $18,000,000 investment commitment will be used to recapitalize the company and provide growth capital.

July 2007

 

North Miami Beach, FL based U.S. Gas & Electric is a licensed Energy Service Company ("ESCO") that markets and distributes natural gas to small commercial and residential retail customers in the state of New York. The Company also earns a small portion of its revenues from natural gas production wells in Pennsylvania.

To learn more about U. S. Gas & Electric visit their website at www.usgande.com.

   


$14,000,000




Genevac U.S. Holdings, Inc.

A manufacturer of solvent evaporation technology used for drug discovery and life science research.

The investment from MVC Capital will be used to finance the acquisition of Genevac Ltd.

April 2007

 

Genevac has locations in the United Kingdom and Valley Cottage, New York. Genevac manufactures high performance centrifugal evaporation systems designed for drug discovery, molecular biology and life science research.

Visit Genevac Ltd.'s website

   


$2,000,000




HuaMei Capital Company, Inc.

A financial services company jointly owned by a U.S. & Chinese company.

MVC Capital provided $2,000,000 in equity financing

February 2007

 

HMCC provides mid-sized American, Chinese and third country firms a wide range of cross-border merger & acquisition and asset management services, including the sourcing of private equity and real estate investment opportunities in China.

HMCC is based in Chicago and Beijing with an office in Purchase, New York.

To learn more about HuaMei Capital Company visit their website at www.huameicapital.com

Chicago Tribune Article

   


$16,200,000




Summit Research Labs, Inc.

A specialty chemical company that manufactures antiperspirant actives.

MVC Capital sponsored the leveraged buyout of Summit Research Labs.

August 2006

 

Based in Huguenot, New York, Summit is a specialty chemical company that manufactures antiperspirant actives -- chemical ingredients that give antiperspirants their sweat-blocking ability. Summit has expertise in particle size reduction and spray drying, and is a high quality global supplier to large consumer products and personal care products companies.

To learn more about Summit Research Labs visit their website at www.summitresearchlabs.com

   


$4,750,000




Harmony Pharmacy & Health Center, Inc.
A branded, upscale, pharmacy and health center which will be primarily based in leading U.S. airports, combining the pharmaceutical and medical professions in one facility.

MVC Capital's investment of $750K in equity and a $4M revolving credit facility will be used to finance the initial roll out of Harmony Pharmacy stores.

August 2006

 

The post-security pharmacy and health center is also a retailer of premium cosmetics, fragrances and gift items and will offer a broad array of basic sundries.

Visit Harmony Pharmacy's website

Watch Harmony Pharmacy on CNBC's Power Lunch, March 26, 2007 (Windows Media)

Harmony Pharmacy Article (PDF)

Harmony Pharmacy Recognition (PDF)

   


$14,000,000




Marine Exhibition Corporation
Owner and Operator of the Miami Seaquarium

MVC Capital provided a $12,000,000 debt facility and $2,000,000 in equity financing to support the renovation and improvement of the Seaquarium

July 2006

 

Established in 1955 and located near downtown Miami, the Seaquarium is one of the area’s most well known family attractions. Well regarded for its marine mammal husbandry, mammal surgery & breeding practices, the Seaquarium offers several events such as a Killer Whale show, Dolphin and Sea Lion shows and operates a Swim with the Dolphins program.

Visit the Miami Seaquarium website

Watch coverage of the grand opening of Dolphin Harbor, the Seaquarium’s new attraction (Flash)

   


$8,000,000




Phoenix Coal Corporation
An owner, developer, and operator of coal reserves and resources

MVC Capital provided $500 thousand in equity and subsequently $7.5 million in equity and debt financing to support the acquisition of coal operations and resources in the Illinois Basin

April 2006
June 2006

 

Phoenix Coal Corporation is engaged in the acquisition, development, production and sale of bituminous coal reserves and resources located primarily in the Illinois Basin. With offices in Madisonville, Kentucky and Champaign, Illinois, the company is focused on consolidating small and medium-sized coal mining projects, and applying proprietary technology to increase recovery and enhance profit margins.

   


$15,000,000




BP Clothing LLC
Designer, manufacturer, and marketer of the Baby Phat® line of the women’s clothing

MVC Capital provided a $10,000,000 subordinated loan and contributed $5,000,000 in senior debt for a recapitalization

June 2006

 

BP Clothing LLC, headquartered in Pico Rivera, CA with a showroom in New York, designs, manufactures and markets the Baby Phat® line of women’s clothing.

Visit Baby Phat's website

   

$6,000,000



PreVisor
A leading supplier of pre-employment assessments.

MVC Capital provided $6,000,000 in equity financing to support the acquisition of Brainbench, Inc.

May 2006

 

Headquartered in Atlanta, GA PreVisor is a market leader in pre-employment testing, selection solutions and related professional consulting, serving employers ranging in size from mid-market to Fortune 500.

Visit PreVisor's website

   

$6,000,000



Storage Canada, LLC
(A/K/A Dino’s Storage)
Self-storage facility in Omaha, Nebraska

MVC Capital provided $6 million loan commitment for the development of self-storage facilities

April 2006

 

Storage Canada, LLC (A/K/A Dino’s Storage) is a Nebraska-based real estate company that owns and develops self-storage facilities throughout the U.S. and Canada.

Visit Dino’s Storage website

   


$11,574,750




Turf Products, LLC

A distributor of commercial turf maintenance equipment, golf course irrigation systems, and premium consumer outdoor power equipment

MVC Capital provided approximately $4.1 million in equity and $7.5 million in mezzanine debt to support a recapitalization

November 2005

 

Turf Products, LLC is a wholesale distributor of commercial turf maintenance equipment, golf course irrigation systems and premium consumer outdoor power equipment in the Northeastern U.S.

   
$5,000,000



Amersham Corporation
A manufacturer of precision machined components for the aviation, automotive and medical device markets.

MVC Capital provided $5,000,000 in capital to support a refinancing and restructuring.

July 2005
June 2006
 
Amersham Corporation, headquartered in Louisville, CO, is a manufacturer of precision machined components. Amersham supplies in-house manufactured products as well as products outsourced from low-cost countries to OEM’s and distributors located throughout North America.

Visit Amersham Corporation’s website
   


$17,000,000




Ohio Medical Corporation
A leading global supplier of suction and oxygen therapy products

MVC Capital sponsored the buyout of General Electric’s Suction & Oxygen Therapy business and Squire Cogswell/Aeros Instruments, and merged the businesses into Ohio Medical Corporation

June 2005

 
Ohio Medical Corporation is a leading designer, manufacturer and distributor of devices used in healthcare and industrial applications. Its products include suction and oxygen therapy equipment, portable suction devices, custom vacuum and compressed air pumping systems, vacuum regulators, flowmeters, fittings and ancillary products.

   
$10,000,000



BP Clothing LLC
Designer, manufacturer, and marketer of the Baby Phat® line of women’s clothing

MVC Capital provided a $10,000,000 second lien loan for a recapitalization

June 2005
 
BP Clothing LLC, headquartered in Pico Rivera, CA with a showroom in New York, designs, manufactures and markets the Baby Phat® line of women’s clothing.

   

$10,500,000




SP Industries, Inc.
Designer and Manufacturer of laboratory research and process equipment

MVC Capital provided $10,500,000 in senior debt and subordinated debt to support the buyout of the Company by management and Riverlake Partners

March 2005

 
SP Industries, Inc., based in Warminster, PA, is a designer, manufacturer, and marketer of laboratory research and process equipment, glassware and precision glass components, and configured-to-order manufacturing equipment. The company's brands include: Wilmad LabGlass, VirTis, Hotpack, Hull, and SP TechCare.

   
$5,887,000



SGDA mbH

German company in the business of landfill remediation and revitalization of contaminated soil

MVC Capital provided up to $5,887,000 in senior debt and equity capital for the restructuring of SGDA

February 2005
 
Sanierungsgesellschaft fur Deponien und Altlasten, SGDA, is a German company in the business of landfill remediation and revitalization of contaminated soil. SGDA operates multiple soil treatment plants across central and eastern Europe, and offers a range of related services: planning and construction of landfill sites, demolition projects, and laboratory analysis. SGDA also operates a mineral water bottling company through a Ukrainian subsidiary.

   
$3,000,000



JDC Lighting, LLC
Commercial Lighting Products Distributor

MVC Capital provided $3,000,000
growth capital financing in the form of subordinated debt

January 2005
 
Founded in 1982, JDC Lighting, LLC is a commercial lighting distributor based in New York, NY. The company is focused primarily on catering to major construction projects in NY metro area and distributes lighting and electrical products including fixtures, dimmers, switches and bulbs.

   

$15,000,000




Vitality Foodservice, Inc.
Provider of dispensed non-alcoholic beverages to the foodservice industry

MVC Capital provided $10,000,000 of preferred equity and $5,000,000 common equity financing to support the leveraged buyout of the Company by Goldner Hawn Johnson & Morrison

September 2004

 
Vitality Foodservice is one of the leading suppliers of orange juice and frozen concentrate liquid coffee to the foodservice industry. Vitality has a global installed base of beverage dispensers, and markets its products to leaders in the institutional foodservice market, including schools, hospitals, cruise ships, the hospitality industry, hotels and restaurants.

Visit Vitality Foodservice's website
   
$10,500,000



Timberland Machines & Irrigation
Distributor of landscape outdoor power equipment and irrigation products

MVC Capital provided $6,000,000 in subordinated debt financing and $4,500,000 equity financing in conjunction with the purchase of certain assets of Turf Products

August 2004
 

Timberland Machines & Irrigation, Inc. is engaged in the wholesale distribution and service of professional landscape and premium consumer outdoor power equipment. The company also operates the leading chain of specialty irrigation wholesale outlets in New England, providing related products and services to independent contractors throughout the region.

Visit Timberland Machines website

Visit The Sprinkler House's website

   
$7,700,000



Impact Confections, Inc.

Manufacturer/Distributor of children’s candies

MVC Capital provided $5,000,000 subordinated debt financing and $2,700,000 equity financing to support the acquisition of Melster Candies

July 2004
 
Founded in 1981 and based in Colorado Springs, Colorado, Impact Confections, Inc. is a manufacturer and distributor of children's candies. Impact's brands include: MegaWarheads, Carousel Pop, Twist & Glow Pop, Lollipop Paint Shop, Bustin' Bits, and others. Impact also produces several seasonal novelty and traditional candies such as: salt water taffy, peanut butter kisses, coconut toasties, and marshmallow circus peanuts.

   

$5,000,000



Dakota Growers Pasta Company

Third largest manufacturer and marketer of dry pasta in North America

MVC Capital provided $5,000,000 in equity capital to provide growth capital financing for the development of low-digestible carbohydrate products

July 2004

 
Located in Carrington, North Dakota, Dakota Growers Pasta Company, LLC manufactures and distributes dry pasta across North America. The company is the maker of the Dreamfields brand of pasta known for its line of low digestible carbohydrates pastas.

   
   

$10,560,000



Octagon Credit Investors, LLC

$2.5 billion manager of CLO and
CDO funds

MVC Capital provided up to $10,560,000 in senior debt, subordinated debt and equity capital to support the management-led buyout and
recapitalization from its former
majority owner, JP Morgan Partners

May 2004

 
Located in New York, New York, Octagon Credit Investors, LLC, is an asset management company that manages approximately $3 billion of leveraged loans and high yield bonds across several CLO and CDO funds.

Visit Octagon Credit Investors LLC's website
   

$1,450,000



Vestal Manufacturing Enterprises

 Manufacturer/Distributor of foundried iron and steel fabricated components

MVC Capital provided $1,000,000 subordinated debt financing and $450,000 equity financing to sponsor Vestal’s management-led buyout from its former parent, Walter Industries

April 2004

 
Founded in 1946, and based in Sweetwater, Tennessee, Vestal Manufacturing is a leader in the manufacturing and distribution of foundried iron and steel fabricated components to municipalities, original equipment manufacturers and the home, hearth and patio industries. Vestal is also a market leader for steel fabricated products to the brick and masonry construction segments, servicing more than 2,000 customers nationwide.

Visit Vestal Manufacturing's website


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