June 7, 2010
Brookside Mezzanine Partners Makes Investment in Driven Brands, Inc.
Brookside Mezzanine Partners is pleased to announce its investment in Driven Brands, Inc. ("Driven"). Headquartered in Charlotte, NC, Driven is the parent company of several leading franchisors in the automotive aftermarket industry, including Meineke Car Care Centers and Maaco Collision Repair & Auto Painting. They offer a comprehensive line of automotive repair and maintenance services, including auto painting, exhaust, brake and ride control through over 1,300 locations.
Brookside Mezzanine Partners provided $10 million in subordinated debt as part of a $50 million subordinated debt facility led by Arrowhead Mezzanine to support the refinancing of Driven by Carousel Capital Partners. Carousel Capital Partners is a private investment firm with over $500 million under management that focuses on investing in companies located in the Southeastern United States.
About Brookside Mezzanine Partners
Brookside Mezzanine Partners, an affiliate of The Brookside Group, provides subordinated debt and equity to small and mid-sized companies seeking long-term capital to support leveraged buyouts, strategic acquisitions, growth capital and recapitalizations. Target companies generally have trailing EBITDA of at least $3 million and annual revenue of at least $15 million. Brookside Mezzanine Partners manages $250 million through two mezzanine funds.
The Brookside Group, founded in 1977, is a private investment firm that invests across a range of asset classes.
Please contact us or visit our website at www.brooksidegrp.com for additional information. We promise a prompt and confidential response.