PE-backed Mister Car Wash grabs $15.1 mln from Penfund
Mister Car Wash, a portfolio company of U.S. private equity firm Leonard Green & Partners, has closed a US$15.1 million debt and equity financing from Penfund, a Canadian provider of junior capital to North American middle market companies. Mister Car Wash is a Tucson, Arizona-based operator of car washes and lube centers in regional markets across the United States. Update: Leonard Green in August bought the company from ONCAP, the mid-market private equity investment arm of Onex Corp. ONCAP acquired Mister Car Wash in a management buyout in 2007.
3 October 2014•3 mins read
