Capstone Partners served as exclusive financial advisor to Mud Pie, LLC in its debt recapitalization and repurchase of shares owned by minority investor Lineage Capital.
Mud Pie is a leading designer, marketer, wholesaler and online retailer of branded gifts, décor, accessories and apparel for women and children.
Capstone Partners evaluated a range of financial and strategic alternatives to realize the value of Lineage Capital’s investment while positioning Mud Pie to exploit opportunities to accelerate its impressive growth trajectory.
Capstone Partners ultimately structured and arranged “club” senior secured financing from Suntrust Bank and Fifth Third Bank, as well as senior subordinated notes from Monroe Capital.
The transaction provides Lineage with an attractive return on investment while returning Mud Pie to 100% family ownership.
Mud Pie is truly our third child and has been a labor of love for over 27 years. [Capstone Partners] has been our trusted advisor for two of the most important business transactions of our lives – first in pairing us with a valued financial partner, and now in helping Lineage realize an attractive return on its investment and returning Mud Pie to family ownership. [Capstone’s] skillful maneuvering at every stage of the evaluation, marketing and refinancing process proved invaluable in securing the ideal outcome for both Mud Pie and Lineage.
