Tecum Capital Launches Second SBIC Fund

Tecum Capital Launches Second SBIC Fund

Tecum Capital Launches Second SBIC Fund May 05, 2017 08:00 AM Eastern Daylight Time PITTSBURGH–(BUSINESS WIRE)–Tecum Capital, the $450 million investment firm based in Pittsburgh, Pa., today announced it received a license from the U.S. Small Business Administration (SBA) to operate ...
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

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

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

FNBCP Announces Mezzanine Debt and Equity Investment!

FNBCP Announces Mezzanine Debt and Equity Investment!

FNBCP is excited to announce a mezzanine debt and equity investment in Auburn Gear.  The mezzanine debt and equity investment supported the acquisition of Auburn Gear which was led by North River Capital, an equity firm based in Fort Wayne, IN, and Marty Palmer, current President of the ...
Read More

FNBCP Presents at Private Equity Conference in Pittsburgh

FNBCP Presents at Private Equity Conference in Pittsburgh

Private Equity Conference in Pittsburgh FNB Capital Partners appreciates the opportunity to participate in the Pittsburgh Impact Lunch Event on Private Equity.  Below is a link to the blog post which includes a link to the Impact Radio show on Private Equity that featured Steve Gurgoivts, Jr. ...
Read More

We’ve Closed our Fourth Subordinated Debt Investment!

We’ve Closed our Fourth Subordinated Debt Investment!

FNB Capital Partners has made a subordinated debt investment in Home Care Delivered.  The subordinated debt investment provided liquidity to exiting shareholders and positioned the Company for future growth.  The deal was run by Matt Harnett who did an excellent job closing out the ...
Read More

Mezzanine Debt and Equity – Third Investment!

Mezzanine Debt and Equity – Third Investment!

We’ve closed our fund’s third investment.  We partnered with Nebraska Heavy Industries (“NHI”) to support their acquisition of Bolts & Nuts Corp (“B&N”).  We are excited about growing B&N alongside their team.  David Hadani leads the NHI charge.  ...
Read More

We’ve Closed Our First Mezzanine and Equity Investment!

We’ve Closed Our First Mezzanine and Equity Investment!

This month, we closed our fund’s first mezzanine and equity investment! We invested with 3 Rivers Capital so that they could acquire PHOENIX Rehabilitation and Health Services, Inc, along with the PHOENIX management team. At FNBCP, our focus is supporting the growth of local businesses ...
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