PHILADELPHIA, July 27, 2017 /PRNewswire/ -- LBC Credit Partners ("LBC"), a leading provider of financing solutions to middle market companies, provided senior secured credit facilities to support MPE Partners' ("MPE" or "Morgenthaler Private Equity") investment in Bath Authority, LLC d/b/a DreamLine ("DreamLine").
LBC served as Agent and Sole Lead Arranger for the senior secured credit facilities.
Headquartered in Warminster, Pennsylvania, DreamLine is a market leading, technology-driven designer, manufacturer, and marketer of premium shower products including frameless glass shower doors, shower enclosures, tub doors and acrylic shower bases. DreamLine offers over 4,000 products across over 60 models including top selling frameless shower doors.
MPE Partners seeks to be the preferred partner for entrepreneur- and family-owned companies. Based in Cleveland, Ohio, and Boston, Massachusetts, MPE Partners invests in profitable, lower middle market companies with EBITDA between $5 – $20 million. MPE Partners has two primary target investment areas: high-value manufacturing and industrial services.
About LBC Credit Partners
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 supporting sponsored and non-sponsored transactions. With over $2.9* billion of capital commitments, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. Headquartered in Philadelphia, LBC has additional offices in Chicago, New York and Los Angeles. To learn more, visit www.lbccredit.com.
*Information as of June, 2017
Tel (724) 979-4293
SOURCE LBC Credit Partners