{"id":655792,"date":"2013-05-02T12:48:48","date_gmt":"2013-05-02T16:48:48","guid":{"rendered":"http:\/\/www.pehub.com\/?p=199699"},"modified":"2013-05-02T12:48:48","modified_gmt":"2013-05-02T16:48:48","slug":"babson-makes-equity-investment-in-swander-pace-buy-of-gloprofessional","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/655792","title":{"rendered":"Babson Makes Equity Investment in Swander Pace Buy of gl\u014dProfessional"},"content":{"rendered":"

Babson Capital Management<\/strong> said Thursday that it provided subordinated debt and made an equity co-investment to support Swander Pace Capital’s<\/strong> buy of Caleel + Hayden Holdings Inc.<\/strong><\/a>, which does business as gl\u014dProfessional<\/strong>. Babson said it was the sole provider of mezzanine capital for the deal. Denver-based gl\u014dProfessional develops and makes mineral-based cosmetics under the glominerals brand and premium skin care products under the glotherapeutics brand.<\/p>\n

PRESS RELEASE<\/p>\n

Babson Capital Management LLC, a global investment management firm with more than $180 billion in assets under management and operations on four continents, today announced it provided subordinated debt and made an equity co-investment to support Swander Pace Capital\u2019s acquisition of Caleel + Hayden Holdings Inc., dba gl\u014dProfessional.<\/p>\n

Babson Capital was the sole provider of mezzanine capital on the transaction.<\/p>\n

Denver-based gl\u014dProfessional is a leading developer and marketer of mineral-based cosmetics under the glominerals brand and premium skin care products under the glotherapeutics brand.\u00a0 glo serves over 5,000 dermatologists, cosmetic surgeons, aestheticians, spas and salons (the \u201cprofessional channel\u201d) both domestically and internationally, as well as select specialty retailers.\u00a0 The company also recently launched to the same customer base a line of hair care products under the gloessentials brand name.<\/p>\n

\u201cSwander Pace Capital is delighted to partner with Babson Capital\u2019s Mezzanine & Private Equity Group on the acquisition of gl\u014dProfessional, and we look forward to working together again on future transactions,\u201d said Swander Pace Managing Director Mo Stout. \u201cAs with several previous portfolio investments, all parties to this transaction benefited from Babson Capital\u2019s experience and expertise in the lower middle market, its highly collaborative approach, and its reliability and responsiveness.\u201d<\/p>\n

\u201cBabson Capital is excited about the opportunity to extend our successful partnership with Swander Pace through our participation in the gl\u014dProfessional investment,\u201d said Michael L. Klofas, Managing Director and head of Babson Capital\u2019s Mezzanine & Private Equity Group. \u201cThe management team of gl\u014dProfessional has built a strong position in a growing market, and we believe Swander Pace, with its reputation and track record in the beauty and personal care categories, is the perfect partner to help grow the gl\u014dProfessional brand.\u201d
\nAbout Swander Pace Capital
\nSwander Pace Capital is a leading private equity firm specializing in investments in growth-oriented, lower middle-market consumer companies. Since its inception in 1996, Swander Pace has used its expertise in this industry to pursue a consistent strategy of acquiring or investing in consumer products companies with leading market positions in attractive, defensible niches. With offices in San Francisco and New Jersey, Swander Pace provides portfolio companies with a unique mix of financial and strategic consulting\u00a0support to create long-term investment value. Swander Pace has led successful private equity investments in consumer companies with total revenues in excess of $2.0 billion. For more information, visit www.spcap.com.
\nAbout Babson Capital
\nBabson Capital Management LLC and its subsidiaries serve institutional investors around the globe and have $180.5 billion in assets under management as of March 31, 2013. Through proprietary research and a focus on investment fundamentals, we develop products and strategies that leverage our broad array of expertise in global corporate debt markets, structured products, debt and equity financing for commercial real estate, and alternatives. The firm\u2019s subsidiaries include Cornerstone Real Estate Advisers LLC and Wood Creek Capital Management, LLC. Babson Capital is a member of the MassMutual Financial Group and is on the web at www.BabsonCapital.com.<\/p>\n

The post Babson Makes Equity Investment in Swander Pace Buy of gl\u014dProfessional<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Babson Capital Management said Thursday that it provided subordinated debt and made an equity co-investment to support Swander Pace Capital’s buy of Caleel + Hayden Holdings Inc., which does business as gl\u014dProfessional. Babson said it was the sole provider of mezzanine capital for the deal. Denver-based gl\u014dProfessional develops and makes mineral-based cosmetics under the glominerals […]<\/p>\n","protected":false},"author":7426,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-655792","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/655792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7426"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=655792"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/655792\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=655792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=655792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=655792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}