- posted in News
Minneapolis, MN, June 2015 – Spell Capital Mezzanine (“Spell”) is pleased to announce a $7.5 million subordinated debt and $1.0 million equity co-investment in Stauer to support the acquisition of Stauer by Stanfield Capital, Ocean Avenue Capital Partners and its CEO.
Stauer, with operations in Burnsville, MN and Richmond, VA, is a direct marketer of various consumer products through catalogs, magazine ads, e-mail, direct mail and phone.
“We are excited to partner with Stanfield, Ocean Avenue and management,” said Mark McDonald, Managing Director at Spell. “Stauer is a very attractive analytics-driven direct marketer of specific value-oriented consumer products.”