Biocoat Incorporated and 1315 Capital

Madison Capital Funding closed a $29,000,000 senior credit facility to finance a Leveraged Buyout of Biocoat Incorporated by 1315 Capital. Madison Capital Funding was the Administrative Agent.  Further terms were not disclosed.

Biocoat Incorporated engineers, manufacturers, and distributes custom hydrophilic coatings and develops coating processes for medical device OEMs and contract manufacturers.

Founded in 2001, Madison Capital Funding is a market leader in supporting middle market private equity sponsors with cash-flow based corporate finance products. Since inception, Madison Capital Funding has invested $31.6 billion in 1,130 middle market transactions with 291 private equity sponsors.

The loan discussed does not represent an account’s entire portfolio and in the aggregate, may represent only a small percentage of an account’s portfolio holdings. A complete list of all holdings is available upon request; please contact It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the loans mentioned herein. © 2019 Madison Capital Funding LLC. All rights reserved. Madison Capital Funding LLC is a subsidiary of New York Life Insurance Company. MCF #1800325