Prospect Capital Provides $26.5 Million in Senior Secured Financing to Support Quilvest Private Equity and Malakand Capital’s Purchase of ST Products, Plus Invests Nearly $60 Million in Two Additional Transactions, Plus Reaps Significant Prince
Prospect Capital announced today that Prospect has made a senior secured debt investment of $26.5 million to support the acquisition of ST Products, LLC ("STP") by Quilvest Private Equity and Malakand Capital.
Headquartered in Duncansville, Pennsylvania, STP is the leading North American producer of precision redrawn, small diameter, thin wall copper, and specialty alloy tubes. STP is the technical and service leader in its industry, with leading market share in its end markets and a reputation for exceptional technical capabilities, product quality, and delivery reliability.