Morgan Stanley Credit Partners Completes Mezzanine Investment in Terry’s Tire Town
NEW YORK--(BUSINESS WIRE)-- Morgan Stanley Credit Partners today announced that it has provided $38 million in mezzanine debt financing as part of the acquisition of Englewood Tire Wholesale by Terrys Tire Town, a leading regional tire distribution company based in Alliance, Ohio, and majority-owned by Talisman Capital Partners, a private investment firm based in Columbus, Ohio.
Morgan Stanley Credit Partners invests primarily in fixed income securities issued by middle market companies in the context of leveraged buyouts, debt refinancing, acquisitions and recapitalizations across a broad range of industry sectors.
Morgan Stanley Credit Partners is pleased to be working with Talisman Capital Partners and Terrys Tire Town as it continues to expand its North American presence, said Ashwin Krishnan, Executive Director, Morgan Stanley Credit Partners.
Morgan Stanley Credit Partners, part of Morgan Stanley Investment Management, invests in corporate debt securities issued by middle market companies. With approximately $1 billion in capital under management, Morgan Stanley Credit Partners' experienced investment professionals bring significant expertise in origination, structuring, credit analysis and principal investing in the leveraged finance markets. Based in New York, the team focuses on deploying capital in North America and Western Europe. For further information about Morgan Stanley Credit Partners, please visit www.morganstanley.com/creditpartners.
Morgan Stanley (IIF) (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firms employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,300 offices in 42 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.
Matt Burkhard, 212-761-2444
Source: Morgan StanleyCopyright Business Wire 2011