Tell the ISCP Club a little about yourself and your firm:
Centerfield Capital Partners is a national provider of junior capital to lower middle-market companies. We work closely with equity sponsors, independent sponsors, management teams, and business owners who seek subordinated debt and equity financing to build companies. Typically, the capital we provide is used to finance a change of control transactions, recapitalizations, add-on acquisitions, or growth initiatives.
Over twenty TWO years, Centerfield has made more than 100 investments. We are investing from our FIFTH fund with commitments of $400 million, and lead investments of $7 to $35 million.
I have been with Centerfield for twenty ONE years. I have served as Chairman or Director of over a dozen PUBLIC, AND privately held BUSINESSES and non-profit ORGANIZATIONS. At Centerfield, I am responsible for investor relations, FUND OPERATIONS, overseeing due diligence, and portfolio management. I have a B.S. in Chemical Engineering and an MBA from the Kelley School at Indiana University.
What projects are you currently working on?
We have had a busy year. Our investment activity continues to be robust. To date, we have closed SEVERAL deals and have QUITE A FEW OTHER platform AND ADD-ON investments which we anticipate closing in the SECOND HALF OF 2022. The deals we have closed IN THE LAST TWELVE MONTHS have primarily been in healthcare, technology, and consumer products industries.
What types of deals are you currently looking for?
We typically invest in companies with historical EBITDA of $3-15 million and revenues of $15 - $100 million in the manufacturing, business services, healthcare, and distribution sectors. We back both independent and funded sponsors and are flexible in terms of the sub-debt/equity mix in each investment. We can also bring one of our LP banks AND LP COINVESTMENTS alongside us to provide a “one-stop” shop financing for a deal.
Who is your ideal investment partner?
We seek to partner with both independent and funded sponsors. We are looking for partnerships with independent sponsors with a proven track record and ideally sector-specific experience. We can provide most of the institutional capital needs for a transaction but oftentimes ask the independent sponsor to have skin in the game.
