BAYSIDE CAPITAL ANNOUNCES INVESTMENT IN MARSH SUPERMARKETS, INC.
September 30, 2006 – Bayside Capital ("Bayside") announced that it has made an equity investment in Marsh Supermarkets, Inc. ("Marsh" or the "Company") in partnership with lead investor Sun Capital Partners ("Sun").
Marsh is a leading multi-format food retailer in Indianapolis and the surrounding markets. Marsh operates supermarkets primarily under the Marsh Supermarkets and LoBill Foods banners in addition to conveniences stores under the Village Pantry banner. Marsh operates high end stores and consistently receives top ratings from consumers for its service and quality. The Company also operates floral and catering businesses.
Anthony DiSimone, Managing Director of Bayside, said, "We believe that Marsh is well positioned to continue its success as the leading supermarket chain in Indiana. We are excited to partner with both Sun and Marsh in continuing to develop the Marsh business".
About Bayside Capital
Bayside Capital is a private investment firm which actively invests in the debt and equity of middle market companies that can benefit from operational enhancements, improved access to capital, or balance sheet realignments. With the ability to provide capital through a broad array of securities including senior and subordinated debt, equity, Debtor-In-Possession facilities, and special situation loans, Bayside has the experience and resources to help companies quickly resume growth initiatives and improve their strategic position. Bayside Capital is an affiliate of H.I.G. Capital, a leading private equity investment firm specializing in acquisitions and recapitalizations of middle market businesses. Based in Miami, Florida, and with offices in Atlanta, Boston, and San Francisco, H.I.G. is one of the most active private equity investors in small and medium-sized companies. We have available in excess of $3 billion of committed equity capital to support our investment activities. In the last decade, we have invested in over 75 companies with combined revenues of over $5 billion. |
