TCF Capital Funding, the Chicago-based cash flow and asset-based lending division of TCF National Bank, provided a senior secured facility to support the acquisition of Levin Home Care by Family Private Care (“FPC”) a portfolio company of Miami based private equity firm Boyne Capital Partners.  The facility was also used for the recapitalization of FPC.  

Headquartered in Hobe Sound, Florida, FPC is a state-licensed Nurse Registry serving clients in Broward, Palm Beach, Martin, St. Lucie, Indian River and Okeechobee counties on Florida's southeast coast, and Lee, Collier, Charlotte and now Hillsborough counties on Florida's west coast.  FPC specializes in the screening and credentialing of nurses, nurses aids, and companions for referral to clients in their homes, in hospitals, nursing homes, or assisted living facilities.

“We are excited to be able to support Boyne Capital Partners in bringing these two tremendous brands and organizations together to better serve the Florida market.  The combination will provide an impressive platform to deliver top tier service for the combined company’s clients and families.” said TCF Capital Funding Senior Vice President Jim Kuncl.

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.