CHICAGO--Maranon Capital, L.P. today announced that it was Agent for a mezzanine debt investment to support the purchase of Momentum Group (“Momentum”) by The Riverside Company. Maranon was also a co-investor in the equity for the transaction.
Momentum, headquartered in Irvine, California, provides exclusive, design-focused sustainable textile products for diversified office, hospitality, healthcare and university end markets. The Company is driven by a culture of continuous improvement and benefits from multiple sustainable competitive advantages, including a proven reputation for innovation, proprietary sustainable products and an award winning, in-house design team with advanced technical expertise and broad product development capabilities. Additional information about Momentum can be found at www.themomgroup.com.
About Maranon Capital
Maranon Capital, L.P. is an alternative investment management firm focused on private credit investments in middle market companies. Maranon’s competitive edge is its multi-product strategies that span the balance sheet with value-added financing and equity co-investments. Since 2008, Maranon has invested $2.1 billion in more than 130 transactions. For more information about Maranon Capital please visit www.maranoncapital.com.
About The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 410 transactions. The firm's international portfolio includes more than 80 companies. Additional information about The Riverside Company can be found at www.riversidecompany.com.