Madison Capital Funding closed a senior debt facility to finance the Leveraged Buyout of Functional Devices LLC by Shorehill Capital. Madison Capital Funding was Administrative Agent. Further terms were not disclosed.
Functional Devices LLC is a designer and manufacturer of electrical devices used in building automation systems.
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 $32.3 billion in 1,144 middle market transactions with 294 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 firstname.lastname@example.org. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the loans mentioned herein. MCF #1802007