TM Capital Advises Mud Pie, LLC in Recapitalization

May 2015 | News & Press

Marcia Miller Regains 100% of Mud Pie

Mud Pie TombstoneTM Capital, a leading middle market investment banking firm with offices in New York, Boston and Atlanta, served as exclusive financial advisor to Mud Pie, a leading designer and marketer of branded gifts, décor, accessories and apparel, in its recapitalization with Suntrust Bank, Fifth Third Bank and Monroe Capital.

As long-term advisor to Mud Pie, TM Capital first advised the Company in its 2010 transaction with Lineage Capital, which provided Mud Pie with an institutional partner to create liquidity and help accelerate the already impressive growth of the business.  Five years later, Mud Pie has now doubled in size, and TM Capital was tasked with facilitating an attractive exit for Lineage, while providing the Company with the strong financial footing necessary to continue its growth.

TM assisted Mud Pie in evaluating a range of strategic alternatives—ultimately negotiating, arranging and structuring a debt recapitalization—to fund the acquisition of the Lineage stake at an attractive rate of return. The financing returns Mud Pie to 100% family ownership and provides the resources and financial flexibility necessary to continue the rapid growth of its branded market presence.  This transaction highlights TM’s unmatched ability to help its clients create long-term value by architecting and structuring innovative financing solutions.

“Mud Pie is truly our 3rd child and has been a labor of love for over 27 years,” said Marcia Miller, CEO of Mud Pie. “TM Capital 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. TM’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.”

About TM Capital

TM Capital Corp. is a partner-owned investment banking firm based in New York, Boston and Atlanta, which has completed over 275 transactions with a combined value in excess of $17 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 and valuations. 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 650 M&A professionals in 42 countries. Members have closed over 1,400 transactions totaling more than $75 billion in value over the past five years.


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