Maranon Capital has provided senior and mezzanine debt as well, as an equity co-investment in partnership with Gridiron Capital and management, to support an investment in TharpeRobbins.
The transaction is Maranon’s seventh investment overall and its second one-stop financing.
TharpeRobbins was formed in 2007 through the merger of The Tharpe Company, founded in 1981, and The Robbins Company, founded in 1892. It specialises in managed reward and recognition programmes.
“Our selection of a financing partner placed a premium on simplicity and flexibility,” says Tom Burger, Gridiron Capital’s managing partner. “The investment in TharpeRobbins will provide additional capital to continue the Company’s expansion into new markets and innovative new programs and we valued a lender who could grow with the business.”
“We are extremely pleased to be working with Gridiron as well as with Brett Tharpe, the president and chief executive officer of TharpeRobbins, and the other members of the management team,” adds Greg Long, a managing director at Maranon Capital. “Transactions like TharpeRobbins illustrate the value of working with one lender across multiple levels of the capital structure to achieve a financing structure uniquely suited to a borrower’s needs.”
