FOR IMMEDIATE RELEASE
Long-term mezzanine partnership to support Transnational’s Growth
SCOTTSDALE, Ariz. and FORT LAUDERDALE, Fla. — Cave Creek Capital Management (“CCCM”) today announced that its portfolio company, Transnational Foods, has closed a subordinated debt recapitalization with Medallion Capital, Inc. (“Medallion”), a Small Business Investment Company and the mezzanine finance subsidiary of Medallion Financial Corp. (Nasdaq: MFIN).
The new facility extends Transnational’s providing the company with significantly more flexibility and positions the company to pursue its next phase of organic and acquisition growth.
“We were intentional about finding a capital partner with aligned goals and time horizon” said Kevin Fechtmeyer, Managing Partner of Cave Creek Capital Management. “Medallion isn’t just providing capital — they bring a quarter-century of supporting companies like Transnational and compounding value over time.
Transnational Foods is a portfolio company of Cave Creek Capital Management.
About Medallion Capital
Medallion Capital, Inc., based in Excelsior, Minnesota, is a Small Business Investment Company and a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq: MFIN). Since 1998, Medallion Capital has provided creative, flexible, and timely senior subordinated and mezzanine debt solutions to middle-market companies nationwide, with a particular focus on ownership transitions, recapitalizations, and expansion financing.
About Cave Creek Capital Management
Cave Creek Capital Management is a private investment firm, dually located in Scottsdale, Ariz. and Fort Lauderdale, Fla., focused on mezzanine debt and structured equity investments in shelf-stable foods, business services, and selected manufacturing and distribution companies across the Southwest and Southeast United States.
About Transnational Foods
Transnational Foods is a food products company and portfolio company of Cave Creek Capital Management.
Media Contact:
Scottsdale, Ariz. / Fort Lauderdale, Fla.
