Chicago/Albuquerque, NM – Madison Street Capital (“MSC”) acted as the exclusive financial advisor in arranging a $7.0 million mezzanine facility for its client, Hatch Chile Co. The facility was provided by Farragut Capital Partners (“Farragut”). The transaction was announced today by Charles Botchway, CEO of MSC and the transaction team was led by MSC Senior Managing Director Barry Petersen.
Barry Petersen stated “we were fortunate to work with Hatch founder and CEO Steve Dawson and his entire team, and Phil McNeill, Managing Partner of Farragut Capital Partners in completing the re-cap. They will prove to be potent partners going forward.”
About Madison Street Capital, LLC:
Madison Street Capital is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients, and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards. For additional information, please visit our website at www.madisonstreetcapital.com.
About Hatch Chile Company
Steve Dawson founded the company in 1987 in Albuquerque, NM. Hatch Chile is a branded packaged food company with double digit growth distributing through major retailers throughout the U.S. Hatch is the fastest growing brand in the Hispanic section, and is the market leader in Gluten Free, and Non-GMO products. For additional information, please visit their website at www.hatchchileco.com.
About Farragut Capital Partners
Formed in 2011, Farragut Capital Partners, LLC is a privately-held investment management firm providing mezzanine debt and equity capital to finance leveraged and management buy-outs, generational transfers, growth capital financings, and recapitalizations. It seeks to invest in established small and middle market companies with proven business models and stable cash flows. It targets companies with strong, committed management teams and the potential for significant growth in equity value over time. By targeting the lower-middle markets, the firm aims to fill the void left as many traditional commercial finance lenders have left or outgrown that segment of the market, resulting in a capital shortage for strong and growing companies.
Its principals have a combined 55+ years of dedicated lower-middle market mezzanine investing experience. Over that time, they have deployed approximately $900 million across 90+ investments. They specialize in asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Favored market segments include light and niche manufacturing, business services, distribution & logistics, and media. They work with owners (family businesses, equity sponsors, fundless sponsors), senior lenders, and directly with management teams to create and build value in their portfolio companies over time. More information about the firm can be found at www.farragutcapitalpartners.com.