Penfund adds to investments in Caliber Collision, Mister Car Wash
Canadian private equity firm Penfund earlier this month invested in Caliber Collision Centers and Mister Car Wash (MCW), two existing portfolio companies. Penfund provided US$87 million in second-lien debt, the lead order for a new US$250 million credit facility, to Caliber, a U.S. collision repair shop operator controlled by OMERS Private Equity. Penfund also provided US$9.8 million in debt funding to MCW, a U.S. car wash operator controlled by Leonard Green & Partners. The deals, which supported dividend recapitalizations, were done via Penfund Capital Fund V, which raised $724 million last year.
20 March 2017•3 mins read
