Maranon Capital Provides Financing for Follow-On Acquisitions at T&H Global Holdings and DayMen Group

CHICAGO–(BUSINESS WIRE)– Maranon Capital, L.P. announced today the completion of financing transactions to support follow-on acquisitions at two of its existing portfolio companies, T&H Global Holdings and DayMen Group.
T&H Global Holdings Acquires Cramer, Johnson, Wiggins & Associates
T&H Global Holdings (“T&H”), a portfolio company of Flexpoint Ford, LLC and a leading provider of specialized insurance claims services to insurance carriers, insurance brokers, corporations and public entities through its operating subsidiaries, VeriClaim, Inc., VRS VeriClaim U.K. Ltd. and Unified Investigations and Sciences, Inc., recently announced the acquisition of Cramer, Johnson, Wiggins & Associates, Inc. (“CJW”).
Founded in 1981 and headquartered in Orlando, Florida, CJW specializes in both property and liability claims services including adjustments, investigations, appraisals and surveys. Through its third-party administrator operation, CJW provides property and casualty claims management services to a global base of insurance carriers, public entities, Lloyds of London syndicates, brokers and associations. CJW’s employees and contractors span 11 locations in Florida, Georgia and Texas.
Maranon Capital provided T&H with an integrated senior and mezzanine debt facility to support Flexpoint Ford’s initial acquisition of the company in March 2011. To facilitate the CJW acquisition, Maranon expanded its senior revolving credit and term loan facilities and provided incremental mezzanine debt and an equity co-investment.
DayMen Group Acquires Joby
DayMen Group, a portfolio company of Brockway Moran & Partners and a leading provider of premium carrying cases and bags marketed primarily under its flagship Lowepro® brand recently acquired Joby, Inc. (“Joby”).
Headquartered in San Francisco, California, Joby provides flexible tripods for the photographic market, flexible lights for the home and outdoor markets, and innovative stands and cases for the mobile device market. The company’s products are sold worldwide under the Joby®, GorillaPod®, GorillaTorch® and GorillaMobile® brand names. Since its founding over six years ago, Joby has grown to a business with sales in over 65 countries, including Canada and Australia where DayMen has distributed Joby products since 2007 and 2008, respectively.
Maranon Capital, the sole mezzanine lender to DayMen since Brockway Moran & Partners purchased the company in October 2010, provided additional capital to facilitate the Joby acquisition.
About Maranon Capital
Maranon Capital, L.P. provides senior financing, mezzanine debt and equity co-investments for private equity-backed and non-sponsored middle market transactions. Maranon has the flexibility to structure an integrated financing solution or provide stand-alone senior or mezzanine debt. The firm does not take control equity positions, but will consider a minority equity role in conjunction with a financing relationship. Maranon is currently managing over $550 million of committed capital. The firm is headquartered in Chicago with additional offices in Birmingham, Michigan and South Bend, Indiana. For more information about Maranon Capital please visit http://www.maranoncapital.com/.

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