Press Release Details

View all news

TCF Capital Funding Provides Financing to Support Gemini Investors and Plenary Partners in their Investment in Always Best Care

07/11/2016

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation (TCF) (NYSE: TCB), today announced that it provided financing to support Gemini Investors and Plenary Partners in their investment in Always Best Care (“Always Best Care” or the “Company”).

Headquartered in Roseville, CA, Always Best Care is a leading franchisor specializing in senior care.  The Company’s franchisee network provides warm, compassionate and professional care for seniors and others when they need it most. The teams at their offices are local experts in senior care, providing a resource for aging and senior living delivered through locally owned and operated offices around the country.

Always Best Care takes pride in providing the best home care possible and striving always to exceed expectations for both non-medical and skilled nursing, and also provide close, personal assistance for families seeking assisted living and other residential care communities for their loved ones.

“We are excited to once again partner with Gemini Investors and for the first time, Plenary Partners. We look forward to helping them both grow Always Best Care,” said TCF Capital Funding Senior Vice President Thom Karle.

About TCF Capital Funding
TCF Capital Funding provides cash flow and asset-based lending to lower middle market businesses.  National in scope, this senior leveraged lending group focuses on providing private equity sponsor-backed cash flow loans and asset-based loans to companies with less than $100 million in revenue and between $2 million and $10 million in EBITDA.  To learn more about TCF Capital Funding, visit www.tcfcapitalfunding.com.

About TCF Bank
TCF is a Wayzata, Minnesota-based national bank holding company. As of March 31, 2016, TCF had $21.3 billion in total assets and 376 branches in Illinois, Minnesota, Michigan, Colorado, Wisconsin, Arizona, South Dakota and Indiana, providing retail and commercial banking services. TCF, through its subsidiaries, also conducts commercial leasing, equipment finance, and auto finance business in all 50 states and commercial inventory finance business in all 50 states and Canada. For more information about TCF, please visit http://ir.tcfbank.com.

About Gemini Investors
Founded in 1993, Gemini is a Massachusetts-based investor in smaller middle market private companies. Since their inception, Gemini has invested over $550 million in more than 125 companies throughout the U.S., generally investing $3 to $8 million per transaction to acquire both control and minority stakes. Gemini offers a flexible investment approach.  For more information about Gemini Investors, please visit www.gemini-investors.com.

About Plenary Partners
Plenary Partners, with offices in Chicago and San Francisco, is a private equity firm focused on investing in the lower middle market. Plenary employs a collaborative approach to investing, emphasizing partnerships with entrepreneurs, family-led businesses and seasoned executives. Over the last decade, we have focused primarily on the healthcare industry, but have also made investments in technology, manufacturing and services. We target companies with annual cash flows of $2 - $10 million.  For more information about Plenary Partners, please visit www.plenarypartners.com.

Categories: Press Releases
View all news