the source for relationships built on

Integrity and Accountability

the source for a

Trusted Financing Partner

the source for financing solutions

Senior Debt, Mezzanine and Equity Co-Investment

the source for a partner with a

Long Term Investment Horizon

the source for professionals with

20+ Years of Middle Market Experience

the source for

Middle Market Financing

the source for

Acquisition Financing

the source for

Growth Capital

the source for

Leveraged Recapitalizations

the source for

ESOP Financing

the source for a

Thoughtful Investment Process

the source for

Flexible Capital Solutions

the source for

Simplicity and Flexibility

the source for

Tailored Financial Solutions

the source for

Creative and Flexible Capital

the source for an investment process with

Certainty of Close

Maranon Capital Leads Second Lien, Mezzanine, and Equity Co-Investment to Support Acquisition of California Products Corporation

November 2015

Maranon Capital, L.P. today announced that it was lead arranger and administrative agent for a group of lenders that provided second lien debt, mezzanine debt, and an equity co-investment to support the purchase of California Products Corporation (“CPC”) by Audax Private Equity (“Audax”).  

With the acquisition of CPC, a formulator of specialty coatings for the architectural, sports surfaces, and specialty construction segments, and its previous investment in Nicoat, a formulator of specialty packaging and commercial print coatings, Audax has established a new platform in the coatings and adhesives end markets. 

CPC, founded in 1926 and based in Andover, Massachusetts, is a leading provider of branded, premium architectural interior and exterior paints and stains, tennis court and other sports surfaces coatings systems, and mold and abatement remediation coatings. CPC and Nicoat will continue to operate as standalone business units of the combined platform, leveraging benefits through raw material purchasing, technological collaboration, and shared services. Audax acquired CPC from Delos Capital. Delos will continue as a shareholder in the combined platform. Additional information about CPC and Nicoat can be found at www.calprocorp.com, and www.nicoat.com, respectively. 

About Maranon Capital

Maranon Capital, L.P. is an alternative investment management firm focused on private credit investments in middle market companies. Maranon’s competitive edge is its multi-product strategies that span the balance sheet with value-added financing and equity co-investments. Since 2008, Maranon has raised $1.5 billion of institutional capital across private funds and managed accounts and invested $1.8 billion in more than 100 portfolio companies. For more information about Maranon Capital please visit www.maranoncapital.com.

About Audax Group

Audax Group is an alternative asset management firm specializing in investments in middle market companies. With offices in Boston, New York and Menlo Park, Audax has over $6 billion in assets under management in its Private Equity, Mezzanine, and Senior Debt businesses. For more information visit the Audax Group website www.audaxgroup.com.

« Return to news

Join our mailing list:  Mailing List      Follow us on:  Twitter Linkedin