Investment Criteria

PNC Mezzanine Capital offers comprehensive junior capital solutions for middle market management teams, private equity firms, investment banks and independent sponsors to finance leveraged buyouts, recapitalizations and expansion.

Photo: RIE Coatings - Dubuque, IA

We look at each investment opportunity on an individual basis, but our key investment criteria generally includes:

General Industry Criteria

Niche Manufacturing
Value Added Distribution
Business Services
Consumer Services
Multi-Unit Concepts

Average Investment Range

$10 million to $65 million hold position
Can lead to financings of up to $70 million

Types of Investment

Subordinated Debt
Preferred Stock
Common Stock
Other Junior Capital

Investment Criteria

Experienced management teams, with a meaningful stake in their business and a plan for continued growth
Revenues greater than $20 million and EBITDA greater than $4 million
Stable free cash flow
Well diversified, repeating customer base
Defensible market positions

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Investment Criteria

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