Balance Point Capital Partners Supports the Acquisition of Patch Products

Balance Point Capital Partners Supports the Acquisition of Patch Products

PR Newswire

WESTPORT, Conn., Sept. 17, 2014 /PRNewswire/ — Balance Point Capital Partners (“Balance Point”), a private equity fund focused on providing debt and equity capital to lower middle market companies across the U.S. announced today its investment in Patch Products (“Patch” or the “Company”) to support Topspin Partners’ acquisition of the Company. Balance Point provided the senior subordinated notes as well as a minority equity co-investment for the acquisition.

Balance Point Capital Partners, L.P.

Founded in 1985 and headquartered in Beloit, Wisconsin, Patch is a designer, distributor and marketer of family entertainment products, specializing in games, children’s puzzles, toys, activities and teaching tools. The Company’s products include the Mirari line of specialty toys for infant and toddlers, the Lauri line of educational and arts and crafts products for older children, and top-selling games like Stratego, Perplexus™, Farkle and 5 Second Rule for families and adults.

Seth Alvord, Managing Partner with Balance Point adds, “We are excited to have the opportunity to partner again with Topspin. Topspin has been an excellent sponsor to work with over the years and we look forward to the continued partnership with Patch.”

About Balance Point Capital Partners

Balance Point Capital Partners invests mezzanine and equity capital in select lower middle market companies. Since 1988, the firm and its predecessor funds have invested in over 75 distinct businesses. Balance Point Capital Partners takes a long-term, partnership approach to investing and are committed to building lasting relationships with private equity sponsors, management teams and intermediaries. Balance Point targets companies with EBITDA between $2 million and $25 million and typically invests $5 million to $20 million per transaction. Balance Point Capital Partners is based in Westport, CT (www.balancepointcapital.com).

Contact: Seth Alvord, Managing Partner; (203) 652-8255, Balance Point Capital Partners, L.P.

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SOURCE Balance Point Capital Partners

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