TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that it provided financing to support Gemini Investors and Plenary Partners in their investment in Always Best Care.
Headquartered in Roseville, CA, Always Best Care is a leading franchisor specializing in senior care. Thecompany’s franchisee network provides warm, compassionate and professional care for seniors and others when they need it most. The teams at their offices are local experts in senior care, providing a resource for aging and senior living delivered through locally owned and operated offices around the country.
Always Best Care takes pride in providing the best home care possible and striving always to exceed expectations for both non-medical and skilled nursing, and also provide close, personal assistance for families seeking assisted living and other residential care communities for their loved ones.
“We are excited to once again partner with Gemini Investors and for the first time, Plenary Partners. We look forward to helping them both grow Always Best Care” said TCF Capital Funding Senior Vice President Thom Karle.
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. To learn more about TCF Capital Funding, visit www.tcfcapitalfunding.com.
Founded in 1993, Gemini is a Massachusetts-based investor in smaller middle market private companies. Since their inception, Gemini has invested over $550 million in more than 125 companies throughout the U.S., generally investing $3 to $8 million per transaction to acquire both control and minority stakes. Gemini offers a flexible investment approach.
Plenary Partners, with offices in Chicago and San Francisco, is a private equity firm focused on investing in the lower middle market. Plenary employs a collaborative approach to investing, emphasizing partnerships with entrepreneurs, family-led businesses and seasoned executives. Over the last decade, we have focused primarily on the healthcare industry, but have also made investments in technology, manufacturing and services. We target companies with annual cash flows of $2 million to $10 million.