FOR IMMEDIATE RELEASE
September 6, 2018
Byline Sponsor Finance Group supports Boyne Capital in its investment in AC Business Media, Inc.
Byline Bank’s Sponsor Finance Group (“BSFG“), the cash flow lending division of Chicago-based Byline Bank, announced that it has provided revolver and term credit facilities to finance Boyne Capital’s (“Boyne”) investment in AC Business Media, Inc. (“ACBM” or “Company”), a business-to-business media and business intelligence company. ACBM delivers relevant, cutting-edge content to its audiences through its industry-leading digital properties, trade shows, videos, magazines, webinars and eNewsletters, while providing advertisers the analytics, data and ability to reach their target audience. Spell Capital Mezzanine Partners invested both mezzanine debt and equity in support of the transaction. BSFG was represented by Duane Morris LLP.
“We are excited to partner with the team at Boyne and industry veteran/operator Barry Lovette on this most recent investment. Collectively, their strong industry experience coupled with ACBM’s experienced management team and leading portfolio of brands, positions the Company for continued success. BSFG looks forward to being a trusted partner in the future growth of the business,” said Jim Kuncl, Senior Vice President of Byline Sponsor Finance Group.
About Byline Sponsor Finance Group
Byline Sponsor Finance Group, headquartered in Chicago, IL, with an additional office in Atlanta, GA, provides senior secured cash flow loans to private equity backed lower middle market companies throughout the United States. BSFG focuses on companies that generate EBITDA between $2 million and $10 million with products that support the acquisition, recapitalization and growth investment efforts of private equity firms operating in the lower middle market. For more information visit: www.bylinebank.com/sponsor-finance.
About Byline Bank
Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank has approximately $4.8 billion in assets and operates more than 50 full service branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and retail banking products and services including small ticket equipment leasing solutions and is one of the top 10 Small Business Administration lenders in the United States.
About Boyne Capital
Boyne Capital is a Florida-based private equity firm focused on investments in lower middle market companies. Founded in 2006, Boyne has successfully invested in a broad range of industries, including healthcare services, consumer products, niche manufacturing, and business & financial services among others. Beyond financial resources, Boyne provides industry and operational expertise to its portfolio companies and partners with management to drive both company performance and growth. Boyne specializes in providing the capital necessary to fund corporate growth and facilitate owners and shareholders’ partial or full exit. For more information, please visit www.boynecapital.com.
About Spell Capital Mezzanine Partners
Spell Capital Mezzanine Partners is a Minneapolis, MN based mezzanine fund that provides mezzanine financing to lower middle-market companies throughout the United States, targeting businesses with EBITDA of $2.0 million and above. The fund invests in a variety of industries in companies with high-quality management, adequate revenue diversification, stable and growing end-market demand, defensible market positions and sustainable free cash flow. For more information, visit www.spellcapital.com.
For more information please contact:
Jim Kuncl, SVP
Group Head, Sponsor Finance Group, Byline Bank
Dan Delgadillo, SVP
Sponsor Finance Group, Byline Bank