Bankruptcy • Metals/Mining

MVC Capital Exits Custom Alloy

On October 30, 2022, invested in metals/mining company Custom Alloy from MVC Capital

Investment Context
  • This is transaction in the Metals/Mining sector.
  • This is transaction in the United States.
  • This is transaction in New Jersey.
Investment Fate
  • Custom Alloy was sold to a strategic buyer in 2023.

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Investment Summary

Date October 30, 2022
Target Custom Alloy
Sector Metals/Mining
Sellers(s) MVC Capital
Deal Type Bankruptcy

Target Company

Custom Alloy

High Bridge, New Jersey, United States
Custom Alloy is a manufacturer of specialty metals for seamless and welded pipe fittings & forgings, predominantly for customers requiring time-critical maintenance or repair. Custom Alloy was formed in 1968 and is based in High Bridge, New Jersey.
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Seller Profile 1

DESCRIPTION

MVC Capital is a business development company focused on providing long-term equity and debt investment capital to fund growth, acquisitions and recapitalizations of small and middle-market companies. MVC is sector agnostic and primarily invests in US-based companies. MVC's investments can take the form of common and preferred stock (control and non-control investments) and warrants or rights to acquire equity interests; senior and subordinated loans; or convertible securities. MVC serves as the lead investor for transactions, as well as a co-investor in companies along with other private equity sponsors. MVC Capital is based in Purchase, New York.


Deal Context for Seller #
Overall 9 of 9
Sector: Metals/Mining 1 of 1
Type: Bankruptcy 1 of 1
State: New Jersey 1 of 1
Country: United States 9 of 9
Year: 2022 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-06 Folio Financial

McLean, Virginia, United States

Folio Financial, Inc. Investing is the brokerage designed specifically to help clients maximize returns by providing with the ability to create customized, well-diversified portfolios and manage them at a low cost. Folio was formed in 2000 and is based in McLean, Virginia.

Sell -