Chicago, IL – November 2019
Balmoral Advisors is pleased to announce that Particle Dynamics, a portfolio company of Edgewater Capital Partners, has completed a refinancing transaction. Farragut Capital Partners, Inc. (“Farragut”) led the transaction to support the Company’s continued growth and was joined by BroadOak Capital Partners (“BroadOak”). First Merchants Bank provided lender support in connection with the transaction.
Particle Dynamics is an innovative global leader in particle processing technologies and finished dose manufacturing, providing a wide range of products and services to the nutraceutical, consumer health, OTC, and pharmaceutical sectors. Operating from FDA-inspected facilities in St. Louis, Missouri and Seymour, Indiana, the Company offers services including spray drying, complex granulation, microencapsulation, and finished dosage manufacturing. Particle Dynamics is also a recognized global leader in the supply of highly functional materials and a variety of microencapsulated vitamins, minerals, and OTC active pharmaceutical ingredients.
“A major strategic priority for the Company was to identify a partner to help fuel our growth in innovation and manufacturing excellence,” said Nicolas Fortin, CEO of Particle Dynamics. “We are excited to partner with Farragut and BroadOak to help accelerate our transformation into a premier solution provider to the pharma, nutritional, consumer health, and OTC markets.”
Balmoral Advisors served as financial advisor to Particle Dynamics.
About Particle Dynamics
Particle Dynamics is an innovative global leader in the particle processing, delivery technologies and finished dose manufacture, providing a wide range of products and services to the nutraceutical, consumer health, OTC, and pharmaceutical sectors. Operating from FDA inspected facilities in North America, Particle Dynamics offers five technology and service lines including: Spray Drying, Complex Granulation, Microencapsulation, Iron Deficiency Technologies, and Finished Dosage Manufacturing in a customer-focused solution-provider model. In addition, Particle Dynamics is a recognized global leader in the supply of highly functional materials including Direct Compression Calcium and Magnesium Carbonates, and a variety of microencapsulated vitamins, minerals, and OTC active pharmaceutical ingredients. Visit us at www.particledynamics.com.
About Farragut Capital Partners
Founded in 2011, Farragut Capital Partners, Inc. is a private investment management firm providing junior debt and non-control equity capital to finance leveraged buyouts, generational transfers, growth capital financings, and recapitalizations. Its latest investment vehicle, Farragut SBIC Fund II, LP, held its initial close in September 2018. Farragut seeks to invest between $2 and $12 million in established middle-market companies with proven business models and consistent cash flows. The firm targets companies with strong, committed management teams and the potential for significant growth in equity value. For more information, please visit www.farragutcapitalpartners.com.
About BroadOak Capital Partners
Founded in 2006, BroadOak Capital Partners, LLC is a privately-held merchant bank and investment firm with a comprehensive focus on the life sciences and healthcare services industries. BroadOak’s sector focus includes research tools and consumables, diagnostics, and pharma and other healthcare services. BroadOak is currently investing out of BroadOak Fund IV, LLC, and has led or participated in investments in 50+ companies across multiple funds and investment vehicles. For more information, please visit www.broadoak.com.
About Edgewater Capital Partners
Edgewater is a Cleveland based, sector-focused private equity firm making investments in middle and lower middle-market performance materials businesses, specifically specialty chemicals, life sciences, and engineered components and materials verticals. For additional information on Edgewater, visit the firm’s website at www.edgewatercapital.com.
About Balmoral Advisors
Balmoral Advisors is an independent investment bank dedicated to providing mergers & acquisitions, corporate finance and financial restructuring advisory services involving mid-sized transactions. We specialize in helping clients sell their businesses, find and complete acquisitions and raise or refinance capital. We work with business owners, corporations and financial investors worldwide involving early stage growth companies, successful mature businesses, corporate divestitures, special situations and distressed transactions. Our primary industry areas of focus are Building Products, Chemicals and Materials, Food and Beverage, Industrial, Plastics and Packaging, Manufacturing and more. For more information visit us at www.balmoraladvisors.com.