MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $15 million senior credit facility to San Francisco, CA-based Green Creative, LLC. Green Creative is a solid state lighting development and manufacturing company that offers a comprehensive line of high-performance LED lighting solutions. Proceeds of the facility were used to assist Merit Capital Partners and Fulton Capital purchase the company, refinance existing debt and to fund working capital needs.

Green Creative is a portfolio company of Private Equity Group, Merit Capital Partners based in Chicago, IL. Merit Capital Partners has raised $1.7 billion through five institutionally sponsored limited partnerships. Merit invests mezzanine and equity capital in middle-market companies principally in manufacturing, distribution and services industries.

Fulton Capital, LLC is a Northbrook, Illinois-based private equity firm. Fulton specializes in acquiring small and mid-sized companies typically with revenues between $20 and $100 million.

“LED has overtaken halogen and CFL as the fastest growing bulb replacement for incandescent. As Green Creative grows to accommodate LED demand they need a financial partner that can react quickly to their financial needs. MB Business Capital was able to create a flexible facility in a very short timeframe that will support their plan for growth.” says Michael Sharkey, President of MB Business Capital.

Joe Polaneczky, Vice President of Merit Capital Partners says, “We are pleased to be working with the team at MB Business Capital.  They are committed to understanding the needs of the business and have been a supportive partner throughout the process.”
          
MB Business Capital is the asset-based lending division of MB Financial Bank. . MB Business Capital seeks asset based lending opportunities in the $5 million to $50 million range and offers dedicated syndication opportunities up to $100 million.