Candlewood Partners

Overview

Candlewood Partners is a boutique investment bank and advisory firm specializing in middle-market companies. Established in 2001, the firm operates offices in Cleveland, New York, and South Florida, offering services such as capital raising, restructuring advisory, lender services, and M&A execution. Their client base includes private and founder-owned businesses, middle-market public companies, private credit lenders, and private equity sponsors. The firm emphasizes a success-based fee structure and independence to provide conflict-free representation. The firm's investment focus includes distressed and special situations, private equity, and real estate, with a particular emphasis on buyouts, turnarounds, and distressed investments. Geographically, Candlewood Partners operates primarily in the United States and has experience in Germany, reflecting its capability to handle cross-border transactions. The industries they serve are diverse, encompassing aerospace, defense, technology, manufacturing, energy, healthcare, consumer goods, financial services, telecommunications, media, retail, transportation, logistics, construction, and hospitality. Candlewood Partners has a track record of advising on complex engagements, such as the restructuring of Mynaric AG, a designer and manufacturer of laser communications systems. In this transaction, Candlewood Partners acted as the financial advisor and investment banker, assisting Mynaric in reaching a restructuring deal with the holders of its $105.5 million note and raising an additional €50 million in funding to support the company's operations. This deal underscores Candlewood's strength in restructuring advisory and cross-border advisory services, particularly in the aerospace and defense sector. The firm's investment philosophy centers on providing clients with the strategy, resources, and confidence necessary for success. They aim to become an extension of their clients' leadership, offering tools to buy, grow, or fix businesses without diverting attention from core operations. Empowering clients to achieve successful outcomes is at the heart of Candlewood Partners' mission. Candlewood Partners' fee structure is success-based and designed to align their interests with those of their clients. Their independence allows them to represent clients without conflicts of interest, and engagements can be terminated at any time without cause. The firm prides itself on its dedicated team, ensuring that clients receive the expertise and attention they deserve throughout the engagement process.

Investment Focus

• Middle-market companies
• Distressed and special situations
• Private equity and real estate opportunities
• Buyout, turnaround, and distressed investment stages
• United States and Germany focus
• Diverse industry sectors including aerospace, defense, technology, manufacturing, energy, healthcare, consumer goods, financial services, telecommunications, media, retail, transportation, logistics, construction, and hospitality

Portfolio Companies