Tecum Capital Partners Hires Two & Moves Office

Tecum Capital Partners Hires Two & Moves Office

February 3, 2017  Pittsburgh, Pennsylvania – Tecum Capital Partners, L.P.  (“Tecum”) is pleased to introduce the newest members of our team, Sean Edmonson & Megan Dahlinger. Bios here: www.tecum.com/the-team/ Sean Edmonson was hired in as an associate at the firm.  In ...
Read More

Growth Through Product Diversification

Growth Through Product Diversification

Growth Through Product Diversification It is the start of a New Year, and companies everywhere are preparing and reviewing strategic, growth and financial plans for 2017. Growth and diversification of the business are often key focus areas of successful management teams. When planning goals for ...
Read More

Independent Sponsors and their Growing Role in Private Equity

Independent Sponsors and their Growing Role in Private Equity

Independent Sponsors and their growing role in the private equity marketplace The private equity marketplace is competitive and funds are looking for their next actionable investment. Independent Sponsors are providing unique opportunities for private equity and mezzanine debt investors. When ...
Read More

CISCOR Recapitalized for Growth

CISCOR Recapitalized for Growth

Tecum Capital Partners (“Tecum”) is excited to announce its first transaction with Periscope Equity (“Periscope”) of Chicago, Illinois.  Tecum also partnered with Kian Capital Partners (“Kian”) to provide mezzanine debt and an equity co-investment to support Periscope and ...
Read More

Tecum Exits Investment in DBi

Tecum Exits Investment in DBi

Tecum Capital Partners (“Tecum”), formerly known as F.N.B. Capital Partners, is pleased to announce the successful exit of its investment in DBi Services (“DBi” or the “Company”) through its recapitalization by a Chicago-based private equity firm.  Tecum’s investment in DBi ...
Read More

F.N.B. Capital Changes Name to Tecum Capital Partners

F.N.B. Capital Changes Name to Tecum Capital Partners

PITTSBURGH, PA – F.N.B. Capital Partners, the $200 million Small Business Investment Company (“SBIC”) investment fund based in Pittsburgh, Pa., today announced its name change to TecumCapital Partners (“Tecum”). Effective immediately, the change reflects the ...
Read More

Importance of the Intercreditor Relationship

Importance of the Intercreditor Relationship

Importance of the Intercreditor Relationship The relationship between the mezzanine lender and the senior lender is a key element of the successful execution of a transaction.  The mechanics of the intercreditor relationship with respect to payments and the exercise of rights and remedies is ...
Read More

Recapitalization as an Estate Planning Strategy

Recapitalization as an Estate Planning Strategy

For a typical business owner, their Company grows to become the family’s largest asset over time. As with any concentration issue, that can be financially risky. Though wealth concentration is classified as a “high-class problem”, the business owner has worked hard to build the enterprise ...
Read More

Making the Case for Lower-Middle Market M&A

Making the Case for Lower-Middle Market M&A

Making the Case for Lower-Middle Market M&A When thinking about Mergers and Acquisitions (“M&A”) in the traditional sense, one might imagine large, multinational companies combining due to lack-luster organic growth opportunities or to increase economies of scale. While this may ...
Read More

Loan Covenants Explained

Loan Covenants Explained

When a lender makes a loan they typically ask the borrower for “covenants” to protect their position. A loan covenant is simply a promise by the borrower to the lender to help set expectations and guide future behavior. They are generally classified as either operational or financial and ...
Read More

Spotlight on Portfolio Company – Auburn Gear, LLC

Spotlight on Portfolio Company – Auburn Gear, LLC

Spotlight on Portfolio Company – Auburn Gear, LLC 1) Describe the business that received financing, including information on the type of product or service it provides: Auburn Gear, an FNBCP portfolio company, is a leading designer and manufacturer of custom engineered wheel drives, axle ...
Read More

How a Hot M&A Environment Affects Mezzanine Debt *

How a Hot M&A Environment Affects Mezzanine Debt *

Over the past year, and even more so in recent months, the middle-market mergers & acquisitions (“M&A”) environment has been characterized by heavy deal activity with abundant debt levels and upward valuation pressure.  Average Total Enterprise Value / EBITDA (“Purchase Price ...
Read More

What is Payment In Kind (PIK) Loan Interest?

What is Payment In Kind (PIK) Loan Interest?

What is Payment In Kind (PIK) Loan Interest? Payment In Kind, or PIK, is an often misunderstood topic in leveraged finance. In the industry it is used to describe interest that can be paid by a borrower in a deferred manner via the issuance of additional securities instead of the more typical ...
Read More

The Basics and Functions of Mezzanine Debt

The Basics and Functions of Mezzanine Debt

Understanding the basics and functions of mezzanine debt can be helpful when a business owner is considering making a major investment, buying out a partner, or planning for the transfer of a family business to the next generation.  Mezzanine debt, a combination of typical bank debt and ...
Read More

This web site and all of its contents are property of and copyright © 2013 of Tecum Capital Management, except any reference to F.N.B. Capital Corporation and the flag and hand shake design which are the protected, exclusive property of F.N.B. Corporation. All Rights Reserved.

Menu