NEW
YORK, Jan. 9, 2025 /PRNewswire/ -- Backcast
Partners ("Backcast"), a leading provider of debt and equity
capital for middle-market companies, is pleased to announce its
most recent investment in support of M&R Group Holdings, LLC's
("M&R" or the "Company") refinancing of existing senior debt.
M&R is an existing portfolio company of Corinthian Capital
Group ("Corinthian").
Founded in 1985 and headquartered in Roselle, Illinois, M&R is the leading
manufacturer of apparel screen printing equipment globally, with a
growing presence in digital printing equipment. The Company offers
its customers a wide array of proprietary machinery utilized to
apply decorative designs to garments. M&R has been a leader
within the apparel printing industry for decades, with an unmatched
breadth of machinery and service capabilities, including screen,
digital, hybrid, and film printing systems.
Danny Sweem, CEO of M&R,
said, "We're very excited to work with Backcast as M&R
continues its strong growth into 2025 and beyond. This new credit
facility will help us continue to provide world-class service to
our customers, and remain at the forefront of developing leading
garment printing technology."
Peter Van Raalte, Co-Founder of
Corinthian, said, "We're thrilled to be partnering with Backcast in
supporting M&R's growth. Ed
Cerny and the team at Backcast have now closed multiple
financings with Corinthian portfolio companies, and we value the
longstanding partnership."
Ed Cerny, Managing Partner at
Backcast, added, "My partners and I have had nothing but success
backing Corinthian in investments dating back to 2012, but we are
particularly excited about this latest investment in M&R.
M&R not only holds a dominant market position in a highly
durable and growing niche industry, but it is at the forefront of
technological advances within that industry. Their management team
is best-in-class and we are really looking forward to working with
them and Corinthian to facilitate their growth."
Backcast was represented in the transaction by McGuireWoods
LLP.
About Backcast Partners
Backcast Partners, formed in 2016, manages value-additive,
credit-focused private investment funds providing capital to both
private-equity backed and privately held management-owned
companies. With approximately $1.3
billion in assets under management, the Backcast team has
been supporting traditional middle-market companies ($7.5 million to $50
million of EBITDA) for decades. Backcast's managed funds
have a very flexible capital mandate and seek to invest from
$20 million to up to $150 million per transaction. Backcast Partners
operates out of offices in New York
City and Millburn, NJ.
Information for Companies Seeking Capital, please contact:
Mark Gudis, Managing Partner
mgudis@backcastpartners.com
(973) 512-7487
www.backcastpartners.com
Investor Information, please contact:
David Petrucco, Managing
Partner
dpetrucco@backcastpartners.com
(973) 512-7482
www.backcastpartners.com
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SOURCE Backcast Partners
