SPRINGFIELD, Mass.--(BUSINESS WIRE)--Babson Capital Management LLC, a global investment management firm with more than $160 billion in assets under management and operations on four continents, today announced it provided subordinated debt and made an equity co-investment to support Linsalata Capital Partners’ acquisition of Signature Systems Group LLC.
Founded in 1999 and based in New York City, Signature designs, sells and installs a variety of modular flooring surfaces, industrial matting and related ground protection products. The company serves diverse domestic and international markets including oil, gas, mining and construction, special events, stadiums and arenas, sporting and athletic facilities, convention and conference centers and general commercial applications.
“Linsalata Capital is pleased to collaborate once again with Babson Capital’s Mezzanine & Private Equity Group on the investment in Signature Systems Group,” said Daniel L. DeSantis, Managing Director at Linsalata Capital Partners. “The group’s experience and expertise in the middle market, combined with its relationship-oriented approach, reliability and responsiveness has made Babson Capital a valuable partner on previous investments and we look forward to working together on this and future transactions.”
“Babson Capital is excited about the opportunity to work with our longtime partner Linsalata Capital Partners on the Signature Systems Group investment,” said Michael L. Klofas, Managing Director and head of Babson Capital’s Mezzanine & Private Equity Group. “Signature’s management team has built a solid foundation for future growth and we believe its prospects are significantly enhanced by the operational expertise that Linsalata Capital brings to the partnership.”
About Linsalata Capital Partners, LLC
Located in the Cleveland suburb of Mayfield Heights, Ohio, Linsalata Capital Partners was founded in 1984 and has combined its strong financial capabilities with extensive operational experience to accelerate the growth of middle-market companies. In its more than 28 years of investing, the firm has completed 101 buy-side transactions totaling more than $3 billion. Linsalata Capital Partners is currently investing from its seventh fund, Linsalata Capital Partners Fund VI, L.P., with $427 million in committed equity capital.
About Babson Capital
Babson Capital Management LLC and its subsidiaries serve institutional investors around the globe and have over $160 billion in assets under management as of Dec. 31, 2012. 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’s 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.
