ATLANTA (November 3, 2006) – Nancy Creek Capital, an Atlanta-based mezzanine and equity investment fund, provided $1.2 million of subordinated debt with detachable warrants to S&S Industries, Inc. The investment was made to support the purchase of S&S by Source Capital, LLC.
S&S Industries is the leading provider of underwires for bras sold in North America. Based in New York, the company operates manufacturing facilities in Central America and Asia to supply its customers’ global operations. S&S drives innovation in the industry by designing products that enhance the wearability, style and durability of underwire bras. Founded in 1947, the company holds numerous patents for its designs.
Source Capital is a private equity buyout firm with offices in Atlanta and San Francisco, focused on acquiring mature “small cap” firms positioned for growth.
About Nancy Creek Capital
Nancy Creek Capital’s $50 million mezzanine and equity investment fund is a strategic partner to commercial banks in meeting bank customers’ needs for growth, recapitalization and acquisition capital and for real estate project financing. Nancy Creek makes $1 million to $5 million investments of subordinated debt and equity in smaller middle market companies and real estate projects primarily in the Southeast region. The Fund is managed by The Branch-Shelton Company, LLC. For more information, visit www.nancycreekcapital.com.
S&S Industries is the leading provider of underwires for bras sold in North America. Based in New York, the company operates manufacturing facilities in Central America and Asia to supply its customers’ global operations. S&S drives innovation in the industry by designing products that enhance the wearability, style and durability of underwire bras. Founded in 1947, the company holds numerous patents for its designs.
Source Capital is a private equity buyout firm with offices in Atlanta and San Francisco, focused on acquiring mature “small cap” firms positioned for growth.
About Nancy Creek Capital
Nancy Creek Capital’s $50 million mezzanine and equity investment fund is a strategic partner to commercial banks in meeting bank customers’ needs for growth, recapitalization and acquisition capital and for real estate project financing. Nancy Creek makes $1 million to $5 million investments of subordinated debt and equity in smaller middle market companies and real estate projects primarily in the Southeast region. The Fund is managed by The Branch-Shelton Company, LLC. For more information, visit www.nancycreekcapital.com.
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