Handshake and money

Graycliff Partners completes mezzanine investment

Fri, 14/12/2012 - 06:00

Graycliff Partners has completed a mezzanine investment in Naumann Hobbs Material Handling.

Headquartered in Phoenix, Arizona, Naumann Hobbs is a full-service material handling equipment distributor and aftermarket service provider.

Graycliff provided subordinated debt financing in support of a recapitalisation of the company.

Graycliff, a middle market investment firm, was founded in November 2011 by the former management team of HSBC Capital, the US and Latin American private equity investment group at HSBC.

Graycliff will continue its mezzanine investment strategy in Graycliff Mezzanine II by partnering with profitable mid-sized businesses providing capital for acquisitions, management buyouts, recapitalisations, growth and development. The firm invests in US businesses with revenues of less than USD100m primarily in the manufacturing, distribution and service sectors.


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