Deal Details
Debt Financing for Acquisition of Klaussner Furniture Industries
Summary
Baird served as exclusive debt advisor to Monomoy Capital Partners
About
Monomoy Capital Partners (“Monomoy”) recently completed a secured debt financing (the “Financing”) in support of its acquisition of Klaussner Furniture Industries, Inc. (“Klaussner” or the “Company”). The Financing consisted of a senior secured revolving credit facility and a secured term loan.Monomoy Capital Partners is a leading private investment firm with $1.5 billion in committed capital across a family of private equity funds. Monomoy invests in middle-market businesses that can benefit from operational and financial improvement. Monomoy implements customized business improvement programs at its investments using its proprietary operating system, which reduces operating expenses, increases profitability and encourages profitable growth. Monomoy was founded in 2005 and is headquartered in New York, New York.
Klaussner Furniture Industries, Inc. is a leading designer and manufacturer of premier indoor and outdoor home furnishings. The Company’s broad, high-quality product line and industry-leading delivery times position it as the supplier of choice for leading furniture retailers. Klaussner was founded in 1963 and is headquartered in Asheboro, North Carolina.
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- Date
- February 2017
- Company
- Monomoy Capital Partners
- Transaction
- M&A
- Sectors
- Consumer
- Target Location
- North America
- Acquiror Location
- North America
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