MB Business Capital Announces $12.5 Million Funding for Nextten Stauer

Share Article

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $12.5 million senior credit facility to Nextten Stauer, LLC.

News Image
Mike Bisceglia, Nextten Stauer’s CEO said, ”Stauer is very happy to be working with MB as we continue our growth. MB has been incredibly professional and responsive to both the investors and the business managers. MB really understands our business.”

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $12.5 million senior credit facility to Nextten Stauer, LLC. Stauer, with operations in Burnsville, Minnesota and Richmond, Virginia, is a direct marketer of various consumer products through catalogs, magazine ads, e-mail, direct mail and phone. Stanfield Capital and the company’s CEO will use the proceeds of the facility to support the acquisition of Stauer, as well as to fund working capital.

Mike Bisceglia, Nextten Stauer’s CEO said, ”Stauer is very happy to be working with MB as we continue our growth. MB has been incredibly professional and responsive to both the investors and the business managers. MB really understands our business.”

Spell Capital Mezzanine Partners (Spell) also provided $7.5 million of subordinated debt and $1.0 million in an equity co-investment. Spell provides mezzanine financing to lower middle-market companies throughout the United States. Spell finances leveraged acquisitions backed by lower middle-market private equity sponsors, management and family driven ownership transitions, add-on acquisitions, recapitalizations and growth initiatives.

About MB Business Capital
MB Business Capital is the asset based lending division of MB Financial Bank, a commercial bank headquartered in Chicago, Illinois. MB Business Capital seeks asset based lending opportunities in the $5 million to $50 million range and is offering dedicated syndication opportunities of up to $100 million. The firm can also provide access to the full range of business banking products and services offered by MB Financial Bank.

About MB Financial, Inc. (NASDAQ: MBFI)
MB Financial Inc. is the Chicago-based holding company for MB Financial Bank, which has approximately $15 billion in assets and a more than one hundred year history of building deep and lasting relationships with middle-market companies and individuals.

MB offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients’ success.

Learn more about MB Financial, Inc. at http://www.mbfinancial.com.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Karen Perlman
Visit website