Lake Country Capital Announces Formation as Debt and Equity Investment Firm Targeting the U.S. Lower Middle Market
FEBRUARY 2018 — Lake Country Capital, LLC (“LC2”) announces its formation as an investment firm providing flexible debt and structured equity solutions to profitable lower middle market businesses across the U.S. The firm maintains offices in Minneapolis and Los Angeles.
LC2 was founded by partners Chris Daniel, Ann Ferreira, Greg Larson and Andrew Leonard. Each has more than 20 years of lower middle market industry experience and collectively they have invested nearly $3 billion of capital. They have also served in key advisory and board roles for their portfolio operating companies.
Ferreira, Daniel and Leonard were partners on the mezzanine credit investment team at Churchill Capital. They have also invested in the lower middle market with other premier firms across multiple economic cycles. Their mezzanine track record includes $700 million invested in 65 companies analogous to the target investments of LC2. Prior to co-founding Lake Country Capital, Larson was the founder of Creekridge Capital, a nationally-recognized equipment leasing firm that provided growth financing to thousands of lower middle market businesses before its strategic sale to Hitachi Capital, N.A. in 2016.
LC2’s strategy will leverage the strength of the partners’ lower middle market backgrounds with flexible capital and an opportunistic investment approach across industries and transaction types where relationships and alignment with management are critical.
“It’s exciting for Andrew, Chris and I to reunite, and to join forces with Greg,” commented Partner Ann Ferreira. “In my experience, we are a unique investment and ownership team. Our values, philosophy and skill sets are well aligned to deliver excellent results to our business owners and investors. We look forward to putting our relationships and market insights to work on their behalf.”
ABOUT LAKE COUNTRY CAPITAL
Lake Country Capital is a debt and equity investment firm providing transitional and growth capital to U.S.-based lower middle market companies. LC2 targets businesses with EBITDA of $2 million to $10 million across a variety of industries, including the manufacturing, business services, consumer-related and medical/healthcare sectors. The firm invests primarily in debt securities encompassing a range of senior and subordinated, as well as structured equity securities. The firm works in partnership with management teams, business owners and private equity firms to finance growth initiatives, recapitalizations and ownership transitions. LC2 maintains offices in Minneapolis and Los Angeles.
