LBC Credit Partners Hires New Managing Director in Originations

PHILADELPHIA, Sept. 20 /PRNewswire/ -- LBC Credit Partners, a leading provider of financing solutions to middle market companies, today announced that Jeffrey L. Blumin has been hired as a Managing Director in the firm's New York office.

(Logo: http://photos.prnewswire.com/prnh/20100126/PH43761LOGO )

(Logo: http://www.newscom.com/cgi-bin/prnh/20100126/PH43761LOGO )

Jeff will be primarily responsible for originating, structuring and executing new debt investments for LBC. He has nearly 20 years of leveraged lending and corporate finance experience and possesses considerable transaction expertise, having led nearly $25 billion in investments and transactions for middle-market companies, including asset-based loans; senior and junior cash flow loans; high yield and mezzanine securities; and preferred and common stock.

Prior to joining LBC, Jeff spent 3 years at Marathon Asset Management, where Mr. Blumin established the credit origination business focused on the middle-market private equity community. Prior to Marathon, he spent 14 years at JPMorgan Chase, where Jeff's responsibilities included the origination and execution of public and private debt and equity financings, as well as merger and acquisition advisory services, with a primary focus on leveraged acquisitions and recapitalization transactions for middle market companies and private equity firms. 

Mr. Blumin earned an MBA in Finance from New York University, Stern School of Business and a Bachelor of Science degree from Syracuse University's Newhouse School of Public Communications.

"We're delighted to have Jeff join us. He adds depth to our team and augments our presence in the Northeast," said John Brignola, a founding partner at LBC.  "With over a $1 billion of long-term capital to invest, Jeff will be instrumental in helping LBC deploy the capital in middle market transactions."

LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured, and mezzanine debt; and equity co-investments to companies with EBITDA generally greater than $10 million.  LBC follows a long-term approach to investing adhering to a "lend and hold" strategy and typically invests $10 million to $50 million per transaction supporting acquisitions, growth strategies, refinancings, recapitalizations, and restructurings.  LBC has more than $1.25 billion of capital under management and has made investments in a wide range of industries located throughout North America.  For additional information please visit www.lbccredit.com or contact John Brignola at 215-972-8901.

SOURCE LBC Credit Partners