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Debt & Specialty Finance
northcreekmezzanine.com

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Investments

3

Portfolio Exits

1

Funds

1

About NorthCreek Mezzanine

Northcreek provides creatively structured mezzanine and senior debt investments in middle-market companies. Northcreek is a licensed Small Business Investment Company ("SBIC") investing out of two (2) funds with financial resources of $250 million comprised of partnership equity and funding through the U.S. Small Business Administration through its Debenture program.

NorthCreek Mezzanine Headquarters Location

255 East Fifth Street Suite 3010

Cincinnati, Ohio, 45202,

United States

513-985-6601

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Latest NorthCreek Mezzanine News

16:09 ET CentralBDC is Driving to Success with New Investment

Mar 2, 2022

News provided by Share this article Share this article BOCA RATON, Fla., March 2, 2022 /PRNewswire/ -- Aaron Kleinhandler, along with equity partners SJ Partners, LLC ,  Northcreek Mezzanine , and Everside Capital Partners, LLC  have made an equity investment into CentralBDC, LLC, a Boca Raton, Florida based Outsourced Business Development Company that provides lead management services to auto dealerships nationwide. The new Company will be named CentralBDC, Enterprises, LLC (CentralBDC). CentralBDC is the automotive industry's fastest growing outsourced BDC Company. CentralBDC's proprietary technology coupled with its highly trained and motivated employees currently support many of the largest dealerships and dealership groups nationwide as their full-service BDC for sales, equity-mining, appointment setting and customer service. Its management team has over 50 years of experience in the automotive industry. Benjamin Shamsizadeh will continue to help lead the Company as President and will be joined by Aaron Kleinhandler who will become the Company's new CEO. "I was looking to find a collaborative partner to help take us to the next stage of growth, and I believe I found that in Aaron and the teams from SJ, Northcreek, and Everside," says Benjamin Shamsizadeh, the Founder of CentralBDC. "I am eager to help continue leading the business and see tremendous value in leveraging their experience to guide our growth strategy." Enterprise Bank & Trust provided a senior term loan. "I am thrilled to be partnering with Benjamin and the rest of the CentralBDC team," says Aaron Kleinhandler who led the investment. "CentralBDC is well positioned to capitalize on a massive market and strong underlying demand tailwinds for our services. We believe that their technology-enabled, highly scalable delivery model is differentiated from smaller competitors and will allow the business to capture an outsized share of the growing market." "The partnership with Aaron and Benjamin is an exciting new phase for CentralBDC," adds Scott Johnson, founder of SJ Partners. "This is our second investment with Aaron. Under Aaron's leadership, that previous investment, Spectrio, experienced enormous growth from startup to approximately $40M in EBITDA driven by 38 add-on acquisitions. We now see an opportunity to deliver solutions to a much larger set of clients and to continue growing the organization to better meet the needs of those clients as well as serving as a platform to acquire others in this exciting space." About Aaron Kleinhandler Aaron Kleinhandler is the Founder of Audio Messaging Solutions, LLC and its successor Spectrio, LLC a 10-time member of the Inc. 5000. He has worked in the tech enabled B to B services sector for over 25 years. During his career, Aaron has worked with Institutional Investors including The Riverside Company, Abry Partners, Bertram Capital, and The Jordan Company. His platforms have acquired over 45 add on acquisitions and delivered impressive results to his investors. About SJ Partners LLC SJ Partners is a leading lower middle market private equity firm that, for over fifteen years, has focused on the acquisition of consumer and services companies. It works closely with portfolio company management and maintains a group of highly qualified operating partners. It has won numerous awards including being named ACG NY Champions Firm of the Year. For more information, visit www.sjpartners.com About Northcreek Mezzanine Northcreek is a Small Business Investment Companhy ("SBIC") currently investing out of Fund III, our $195 million 2019 vintage-year fund. Northcreek provides creatively structured mezzanine debt and equity investments to middle market companies. Northcreek works with management teams, business owners and private equity groups to provide the capital needed for a variety of purposes including the acquisition or buyout of a business, capital for growth including acquisition of equipment, product lines and/or personnel, and capital to deleverage a balance sheet. As a financial partner to over hundreds of businesses, the principals of Northcreek have developed a strong and valued reputation as a trusted and reliable financial partner. Learn more at NorthcreekMezzanine.com . About Everside Capital Partners, LLC: Everside Capital Partners, LLC ("Everside"), an SEC Registered Investment Adviser, is a New York based asset management firm focused exclusively on the lower middle market (defined as businesses with $3-20 million in EBITDA). The firm is led by a team with extensive backgrounds in credit, direct investing and origination from top global institutions and manages over $800 million in assets. For more information contact:

NorthCreek Mezzanine Investments

3 Investments

NorthCreek Mezzanine has made 3 investments. Their latest investment was in CentralBDC as part of their Private Equity on March 3, 2022.

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NorthCreek Mezzanine Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/2/2022

Private Equity

CentralBDC

Yes

1

12/20/2017

Debt

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10

7/13/2016

Recap

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10

Date

3/2/2022

12/20/2017

7/13/2016

Round

Private Equity

Debt

Recap

Company

CentralBDC

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Amount

New?

Yes

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Co-Investors

Sources

1

10

10

NorthCreek Mezzanine Portfolio Exits

1 Portfolio Exit

NorthCreek Mezzanine has 1 portfolio exit. Their latest portfolio exit was Business and Legal Resources on December 08, 2016.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/8/2016

Merger

$99M

1

Date

12/8/2016

Exit

Merger

Companies

Valuation

$99M

Acquirer

Sources

1

NorthCreek Mezzanine Fund History

1 Fund History

NorthCreek Mezzanine has 1 fund, including Northcreek Mezzanine Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/18/2020

Northcreek Mezzanine Fund III

$64.89M

2

Closing Date

9/18/2020

Fund

Northcreek Mezzanine Fund III

Fund Type

Status

Amount

$64.89M

Sources

2

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