MB Business Capital Announces $15 Million Funding for Green Creative

Share Article

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $15 million senior credit facility to San Francisco, California-based Green Creative, LLC.

News Image
Joe Polaneczky, Vice President of Merit Capital Partners says, “We are pleased to be working with the team at MB Business Capital. They are committed to understanding the needs of the business and have been a supportive partner throughout the process.”

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $15 million senior credit facility to San Francisco, California-based Green Creative, LLC. Green Creative is a solid state lighting development and manufacturing company that offers a comprehensive line of high-performance LED lighting solutions. Proceeds of the facility were used to assist Merit Capital Partners and Fulton Capital purchase the company, refinance existing debt and to fund working capital needs.

Green Creative is a portfolio company of Private Equity Group, Merit Capital Partners based in Chicago, IL. Merit Capital Partners has raised $1.7 billion through five institutionally sponsored limited partnerships. Merit invests mezzanine and equity capital in middle-market companies principally in manufacturing, distribution and services industries.

Fulton Capital, LLC is a Northbrook, Illinois based private equity firm. Fulton specializes in acquiring small and mid-sized companies typically with revenues between $20 and $100 million.

“LED has overtaken halogen and CFL as the fastest growing bulb replacement for incandescent. As Green Creative grows to accommodate LED demand they need a financial partner that can react quickly to their financial needs. MB Business Capital was able to create a flexible facility in a very short time-frame that will support their plan for growth.” says Michael Sharkey, President of MB Business Capital.

Joe Polaneczky, Vice President of Merit Capital Partners says, “We are pleased to be working with the team at MB Business Capital. They are committed to understanding the needs of the business and have been a supportive partner throughout the process.”

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