Praesidian News
Media Contact: Dan Jacobs
Broadgate Consultants LLC
Phone: 212-232-2222
Praesidian Provides $9.75 Million
for Recap of Pro-Motion Distributing
Leading Middle Market Mezzanine Firm Invests In Distributor
Of Aftermarket Auto Parts
NEW YORK — April 20, 2006 — Praesidian Capital Investors,
a leading provider of mezzanine debt to middle market companies,
has provided senior and subordinated debt financing in the
amount of $9,750,000 for the recapitalization of Pro-Motion
Distributing, Inc. ("Pro-Motion"), a leading distributor
of branded specialty automotive aftermarket parts within the
$1.7 billion sport compact specialty parts industry. Equity
for the transaction was provided by DBI Capital and EFM Capital
Partners.
Pro-Motion operates a 35,000 square foot facility in southern
California and distributes parts to approximately 1,800 specialty
retailers throughout the United States, Canada, South America,
Europe and East Asia. Pro-Motion is known throughout its industry
for its leadership in carrying quality products and providing
premier customer service. Pro-Motion carries one of the broadest,
deepest inventories in the industry, featuring parts from
leading aftermarket manufacturers including AEM, Eibach, HKS,
Momo, Holly and Sparco. Pro-Motion's co-founders, Eugene Inose
and Jeffrey Louie, will continue to lead the management team.
For more information, visit www.pmdistributing.com.
"We are very pleased to be working with DBI and EFM,
as well as the skilled managers at Pro-Motion," said
Neil A. Marks, Managing Partner at Praesidian. "With our experience
in the distribution sector, we were able to recognize the
great potential in this already successful business."
Since the close of its debut $157 million fund in February
of 2005, Praesidian Capital has established a strategy of
providing mezzanine and, selectively, senior capital to historically
profitable middle market companies with talented management
teams throughout the United States. Since its inception, the
firm has closed twelve investments in nine companies, including
three in the distribution category.
About Praesidian Capital Investors
Praesidian provides
mezzanine debt to middle market companies. The firm provides
capital for established, historically profitable companies,
as well as for management/leveraged buyouts, recapitalizations
and refinancings. Investments are focused on successful businesses
in the manufacturing, distribution and service sectors, although
the firm's approach is not driven by an industry focus. For
more information, visit www.praesidian.com.
About EFM Capital Partners
EFM Capital Partners makes private equity investments to facilitate
privately-held, owner-operated businesses transition into
professionalized and institutionalized growth platforms. EFM
focuses on southern California based businesses with revenues
and EBITDA up to $25 million and $5 million, respectively.
For additional information on EFM, please contact A.J. Matsuura
at efmcapitalpartners@msn.com.
About DBI Capital
DBI Capital LLC is a private equity firm that makes investments
in or acquires smaller middle-market companies principally
located in Southern California with enterprise values ranging
between $5 million to $15 million. DBI generally commits capital
to investments in management buyout and recapitalizations
transactions. For additional information on DBI, please contact
Brian Malewicz at bmalewicz@dbicapital.com.
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