About

Tecum Capital Partners II is a $225 million SBIC fund that focuses on making mezzanine debt and minority equity investments. We are currently investing out of Fund II (2017 vintage) which represents a continuation in strategy and focus of its predecessor fund, Fund I (2013 vintage). Fund I, which operated under the namesake FNB Capital Partners, successfully deployed over $175 million in 25 companies. Prior to Fund I, Tecum’s founding partners invested over $60 million in capital as a subsidiary of a publically traded bank. Combined, Tecum has completed over 40 mezzanine debt & minority equity transactions.

Tecum has strong relationships with senior banks, many of which also serve as Limited Partners in Fund I and Fund II. We are able to leverage these relationships to facilitate a seamless “one-stop” solution for the entire debt portion of the capital structure when appropriate.

Investment Criteria

Investment sizes range from $3-15 million, but we have the ability to provide larger investments by souring additional capital from our network of co-investment partners. Investments are made in the form of mezzanine debt and minority equity co-investments.

Transaction Types

  • Leveraged Buyouts
  • Management Buyouts
  • Independent Sponsor and Search Fund Buyouts
  • Equity Sponsor Buyouts
  • Recapitalizations & Dividend Recaps
  • Intergenerational Transfers
  • Strategic Acquisitions
  • Growth Capital
  • Non-Sponsored Search Funds

Company Characteristics

  • $8 – $100 million of revenue
  • Greater than $2 million of EBITDA
  • EBITDA margins of at least 10%
  • Historical profitability or growth
  • Stable and/or growing markets
  • Geography: East of the Rocky Mountains
  • Experienced management team
  • Strong market position
  • No start-ups or project financing
  • No real estate ventures

Industry Focus

  • Manufacturing
  • Plastics
  • Specialty distribution
  • Technology / IT
  • Specialty and healthcare services
  • Defense / Forensics
  • Engineered components
  • Food/Staples
  • Service

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.

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