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Prospect News home > News index > List of issuers D > Headlines for Driven Brands Inc. > News item
Published on 12/19/2011 in the Prospect News Private Placement Daily.

Driven Brands to use mezzanine debt in buyout by Harvest Partners

By Lisa Kerner

Charlotte, N.C., Dec. 19 - Driven Brands Inc. will use mezzanine debt financing from DLJ Investment Partners to help fund its acquisition by Harvest Partners LP from Carousel Capital, a company news release said.

Additional funding will come from senior debt and a revolving credit facility.

The terms of the acquisition and the financing were not disclosed.

Driven Brands is a Charlotte, N.C.-based franchisor in the automotive aftermarket services industry.


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