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NewStar Helps Graham Partners Return Capital to Investors

Transaction Summary

Chelsea Building Products, originally acquired by Graham Partners in 2011, is a leading designer and extruder of vinyl/PVC products for the building products industry, specifically windows and doors profiles, cellular PVC (cPVC) molding and cladding, and other specialty building products.

After a 4-year hold period, Graham approached NewStar in November 2015 for a dividend recapitalization proposal that would allow Graham to return capital to its investors. Given NewStar’s familiarity and expertise in the Building Products sector, NewStar proposed and executed on a turn-key, all-senior financing proposal that allowed Graham to provide an attractive return of capital to its investors. NewStar acted as Joint Lead Arranger and Joint Bookrunner and closed the transaction prior to calendar year end 2015, as requested by the sponsor.

Sponsor

Headquartered in Newtown Square, PA and founded in 1988, Graham Partners is a middle-market private equity firm focused on high growth consumer and industrial manufacturing companies. As a member of The Graham Group, an alliance of independently owned and operated industrial and investment management businesses that share in the common legacy of entrepreneur Donald C. Graham, the Sponsor has access to extensive operating resources and industrial expertise.

Since 1988, Graham Partners has closed over 60 acquisitions, management-led buyouts, growth financing and recapitalizations of privately held companies primarily in the United States.

Graham Partners is a Tier I sponsor for NewStar. Previous deals include Masonry Group, Comar and Atlas.

Testimonial

"We have known NewStar for many years and have closed multiple transactions with them. NewStar was able to meet a tight time frame and allow us to return capital back to our shareholders.  Their due diligence was extensive and quickly completed while their terms were in line with what we were seeking. They were a great choice for the transaction and we will look to them again in the future."

William Timmerman, Principal - Graham Partners

Industry:Building Materials
Company Size:$67MM in Revenue
$9MM in EBITDA
Product:Undisclosed
Purpose:Dividend Recapitalization
NewStar Roles:Joint Lead Arranger
Joint Bookrunner
Co-Syndication Agent
Deal Team:Eric Herr
Bill Walsh
Ankush Kumar
Connor Moriarty
Tyler Kramp
Case study available
Chelsea Building Products

a Portfolio Company of

Graham Partners

Undisclosed

Senior Secured Credit Facilities

Provided by

NewStar Financial logo

Joint Lead Arranger

2015

Case study available
Chelsea Building Products

a Portfolio Company of

Graham Partners

Undisclosed

Senior Secured Credit Facilities

Provided by

NewStar Financial logo

Joint Lead Arranger

2015

Industry:Building Materials
Company Size:$67MM in Revenue
$9MM in EBITDA
Product:Undisclosed
Purpose:Dividend Recapitalization
NewStar Roles:Joint Lead Arranger
Joint Bookrunner
Co-Syndication Agent
Deal Team:Eric Herr
Bill Walsh
Ankush Kumar
Connor Moriarty
Tyler Kramp
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