BB&TCP / Windsor Mezzanine Fund I
BB&TCP / Windsor Mezzanine Fund is focused on providing flexible junior capital, primarily subordinated debt but also preferred equity investments, to lower middle market manufacturing, distribution and service companies.
BB&TCP / Windsor Mezzanine Fund is a patient, long-term investor. We are committed to working with our prospective portfolio companies to create the optimal capital structure, which will maximize value for all constituents.
Investment Criteria
Types of Transactions
- Buyouts, acquisitions, growth and recapitalizations
- Both sponsor-led and direct to private companies
- Non-control
Industries
- Cash flow-oriented businesses with critical mass in any industry except high technology, real estate and financial services
- Particular expertise in government services
Investment Type
- Subordinated debt (with or without warrants)
- Equity co-investments in conjunction with subordinated debt
- Other types of junior capital will be considered on a case-by-case basis
Investment Size
- $5-10 million (larger investments with co-investors)
Target Criteria
- Minimum Revenues of $10 million
- Minimum EBITDA of $3 million