FOR IMMEDIATE RELEASE
October 23, 2017
Byline Sponsor Finance Group supports O2 Investment Partners in their acquisition of MHC Software, Inc.
Byline Bank’s Sponsor Finance Group (“BSFG”) announced that it provided revolving and term credit facilities to finance O2 Investments Partners investment in MHC Software, Inc. (“MHC” or “Company”). Mezzanine debt for the acquisition was provided by Aldine Capital Partners.
MHC designs and develops turnkey software solutions that allow organizations to better manage information. The Company’s proprietary software integrates with ERP and HCM systems to automate HR, AP, SCM, PR, and related financial transactions. MHC provides solutions to thousands of organizations across all industries and maintains a focus on excellent customer service. The Company offers over 40 distinct software products and is headquartered in Burnsville, Minnesota. “MHC has carved out an impressive niche with their value added, customer oriented product offerings” says Jim Kuncl, SVP of Byline Bank’s Sponsor Finance Group. “Management has had great success over the years in building the business, developing new products and servicing its customers. We are excited to partner with O2 Investment Partners and management to facilitate the next phase of growth for the Company”.
About Byline Sponsor Finance Group
Byline Sponsor Finance Group, with offices in Chicago, IL and Charleston, SC, 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 had $3.3 billion in assets at June 30, 2017, 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 O2 Investment Partners
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire a majority interest in lower middle market manufacturing, technology, niche distribution and select services businesses. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. For more information, visit www.o2investment.com
About Aldine Capital Partners
Aldine Capital Partners is a private investment firm, which provides mezzanine and junior capital financing to lower middle-market companies. Aldine typically invests $2 – $15 million per transaction in a combination of subordinated debt and minority equity. Collaborating with traditional and independent sponsors as well as talented management teams, Aldine deploys capital to facilitate growth, support acquisitions/buyouts, or provide shareholder liquidity. For more information, visit www.aldinecapital.com
For more information please contact:
Dan Delgadillo, SVP
Sponsor Finance Group, Byline Bank
Jim Kuncl, SVP
Group Head, Sponsor Finance Group, Byline Bank