Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Bookmark and Share   

Home

Marketplace
Database
Deals
News
Store
Resources
Contact Us

 

 

 

News

VCPro Database 2014 (17th Edition) Now Available! Newly released


Venture Capital Deals Spreadsheet Now Available Newly released


 

Enhanced Capital Partners, Inc. Provides $9.0 Million in Subordinated Debt To Masthead Industries, Inc.

NEW YORK, January 15, 2013-- Enhanced Capital Partners, Inc., through its SBIC fund, Enhanced Small Business Investment Company, LP ("ESBIC"), announced today it recently purchased a $9.0 million senior subordinated note issued by Masthead Industries, Inc. ("Masthead"). Masthead is engaged in the wholesale distribution of industrial and hydraulic hoses and fittings, hose assembly systems, and mobile repair service carrying over 46,000 SKUs. Enhanced Capital's investment supports the acquisition of Hosepower USA, Inc. Vulcan Capital, Paul G. Allen's investment fund, also participated in the financing.

"We are thrilled to be a part of this exciting growth story," said Barry A. Osherow, Managing Director at Enhanced Capital. "We believe that Masthead has an excellent management team in place and is well positioned to continue to execute its growth plans."

About Masthead Industries, Inc.

Masthead, based in Orange Park, FL, is engaged in the wholesale distribution of industrial and hydraulic hoses and fittings, hose assembly systems, and mobile repair service carrying over 46,000 SKUs. Masthead offers Hose Boss™ mobile repair service, a concept pioneered by Masthead in the early 1990's. HosePower®'s fleet of over 70 service trucks provide on-site hydraulic hose repair to construction, mining and manufacturing operations across North America. Masthead is also the master distributor of Flextral® products, which include hydraulic and industrial hose, fittings and a complete line of accessories. HosePower® offers custom OEM hose assemblies to manufacturers, turn-key hose distribution programs to industrial distributors as well as walk-in counter service to all.

About Enhanced Capital Partners, Inc.

ESBIC is a SBIC fund set up for the purpose of providing debt and minority equity financing to U.S.-based lower middle market companies. Enhanced Capital, headquartered in New York City, is a diversified private investment firm focused on established small and mid-sized companies overlooked by traditional sources of capital due to location or size. Since 2000, Enhanced Capital has raised more than $600 million through a variety of state and federal public-private investment programs.

About Vulcan Capital

Vulcan Capital was formed in 2003 and is headquartered in Seattle, WA. The firm serves as the investment arm of Vulcan Inc., the organization founded by Paul G. Allen in 1986 to manage his philanthropic and business endeavors. Vulcan Capital's investment activities include direct investing in public and private securities as well as indirect investments in traditional and alternative asset classes. Vulcan Capital's current portfolio spans a range of industry sectors, including media and communications, energy and natural resources, financial and information services, technology, and life sciences. For more information, please visit http://capital.vulcan.com.

This is intended for marketplace communication purposes only and is neither an offer to sell nor a solicitation of any offer to buy any securities, investment product or investment advisory services. This is not an offering or the solicitation of an offer to purchase an interest in a fund.

Contact:
Media Contact:
Marissa Wolf on behalf of Enhanced Capital
Marissa@WolfComPR.com
(646) 820-3830


News Index

Venture Capital Database

Venture Capital Deals Spreadsheet

 

 NEWS

Latest VC News
VC News Archive
News Search
Venture Capital Deals New
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Venture Capital Deals

vcaDeals
Download Sample
Buy Now

VC Tools

Venture Capital StarterPak
VC Pitch
Private Placement Memorandum
Confidentiality Agreement Package
Series A Preferred Term Sheet
Bridge Financing Contract
Employment Agreements
Understanding Employee Stock Options

Business Plan Tools

Free Business Plan Template
Sample Business Plans
Business Plan Pro

 

 

Copyright © 1998-2014 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer