TM Capital Advises Climax in Recapitalization

October 2013 | News & Press

October 8, 2013 – TM Capital is pleased to announce that we have advised Climax Acquisition, LLC in a refinancing led by Enhanced Small Business Investment Company, LP. The refinancing will help Climax expand its manufacturing capabilities and accelerate growth. This is the second transaction that TM Capital has completed with Climax. Previously, TM negotiated the sale of Climax to DeltaPoint Capital Management LLC, a Rochester, NY-based private equity firm.

Climax Acquisition is a portfolio company of DeltaPoint Capital Management, LLC and the parent company of Carthage Specialty Paperboard, Inc. and Climax Manufacturing Company

– Carthage Specialty Paperboard is a leading independent producer of uncoated recycled paperboard for use in the graphic art, pharmaceutical, food & beverage and packaging industries

– Climax Manufacturing Company is a world-class manufacturer of folding cartons for use in the specialty retail, food service and industrial markets

– Enhanced Small Business Investment Company is a diversified, national private investment firm specializing in investments in small and mid-sized companies

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What Our Clients are Saying

“TM Capital performed expertly and in a highly collaborative manner when Climax was in need of guidance and support for a recent debt refinancing solution. The arranged credit agreement was necessary for our company to swap out an existing obligation that was coming to term, plus allowed for additional liquidity. We appreciated TM’s active involvement, impressive intellect and consistent responsiveness. Given their network reach, organized approach and focused determination, we would refer TM to others and certainly utilize their services for future projects.”


Mark P. Godfrey, CEO, Climax Acquisition, LLC


About TM Capital
TM Capital Corp. is a partner-owned investment banking firm based in New York, Boston and Atlanta, which has completed over 250 transactions with a combined value in excess of $13.5 billion.  Since 1989, we have advised clients navigating a full range of critical transactions, including complex mergers, acquisitions, debt and equity financings, minority and majority recapitalizations, restructurings, and advisory services including takeover defense, fairness and solvency opinions, valuations, as well as litigation support.  We have built deep industry expertise in key sectors and our team regularly publishes research highlighting current and emerging trends in targeted industries and markets.  TM Capital is a member firm of M&A International Inc., the world’s leading alliance of mid-market investment banks with over 600 M&A professionals in 40 countries.  Members have closed over 1,300 transactions totaling more than $75 billion in value over the past five years.



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