Tennenbaum Capital Partners
Tennenbaum Capital Partners, LLC is an investment firm specializing in direct and secondary direct investments. For direct investments, it specializes in special situations, distressed debt, turnaround, PIPES, leverage buyout, growth, industry consolidation, corporate divestitures, complex ownership changes, expansion stage, and recapitalization investments in middle market companies. The firm typically invests in companies that are facing rapid secular or cyclical change or legal, operational, and financial challenges; turnarounds; restructurings; and bankruptcies. The firm prefers to make investments in technology, healthcare, energy and power, aerospace, forest products, paper, packaging, gaming/lodging, defense, clean technologies, media and business services, chemicals, retail and consumer services, real estate, telecommunications, housing & building products, natural resources, metals, mining, engineering & construction, environmental services, financial services, financial technology, transportation, logistics, utilities, and general manufacturing. It seeks to invest in North America with investing in Europe. It seeks to make equity investments between $10 million and $300 million in public and private companies with enterprise value between $100 million and $1500 million through open-market purchases and privately negotiated transactions. The firm makes debt investments between $10 million and $125 million in companies with enterprise values between $100 million and $1500 million. It can be an active control investor or a supportive financial partner. It takes minority stakes. Tennenbaum Capital Partners, LLC was founded in 1996 and is based in Santa Monica, California with additional offices in San Francisco, California; Atlanta, Georgia and New York, New York.
Focus
14 past transactions
NEXTracker Inc.
Series B in 2015
NEXTracker offers a significant breakthrough in horizontal tracking, with lower costs, better performance and more flexibility for solar power plants. These benefits increase solar project profits for developers, EPCs and system owners. Leveraging world-class design and installation expertise, NEXTracker has delivered trackers for dozens of projects in sizes exceeding 80MW, across 3 continents. The company is headquartered in California with regional offices in Asia, Europe and South America.
VitAG Corporation
Private Equity Round in 2014
VitAG Corporation engages in the disposition of municipal biosolids and animal residuals into inorganic fertilizers. Its VitAG recycling technology transforms biosolids into ammonium sulfate granular fertilizers. The company sells its fertilizers through distributors in the United States and internationally. VitAG Corporation is based in Beech Island, South Carolina.
Radnor Holdings
Private Equity Round in 2005
Radnor Holdings manufactures and distributes disposable foodservice products.
Green Biologics
Debt Financing in 2015
Green Biologics is a revenue generating industrial biotech company based in Oxfordshire aiming to become the world's leading supplier of advanced fermentation technologies for conversion of biomass to renewable fuels and chemicals.
Hanley Wood, LLC
Funding Round in 2012
Hanley Wood is the premier information, media, event, and strategic marketing services company serving the residential and commercial design and construction industries.
nuvoTV
Venture Round in 2012
Fuse Media is a cross-platform entertainment media brand that creates empowering, music culture-based content and experiences for a multicultural millennial and GenZ audience. The company celebrates talent, activists and creators who break boundaries, celebrate life and fuel hope for a world seeking unity. It does so across the following platforms: the Fuse and FM (Fuse Music) linear and video-on-demand (VOD) channels; Fuse Digital; OTT channels and programming apps; and live events.
WildBlue
Debt Financing in 2006
WildBlue offers high-speed Internet access via satellite within the United States. Since 2009, WildBlue has operated as a subsidiary of [ViaSat](/organization/viasat).
Cognate BioServices
Venture Round in 2018
Cognate Bioservices is a fully-integrated contract bioservices organization providing the highest level of scientific and management expertise. Cognate provides full development and cGMP manufacturing services to companies and institutions engaged in the development of cell-based products. The combination of highly experienced staff, successful track records and cGMP facilities makes Cognate one of the most qualified contract manufacturers of cell-based products in the world today.
InMobi
Debt Financing in 2015
InMobi provides mobile advertising services in Asia and Africa. It develops an advertisement serving algorithm that helps in optimizing the ranking of the advertisements served on mobile phones.
InMobi also provides campaign management services, such as strategy, designing, executing, managing, and optimizing campaigns, and advertisement creation, format, and targeting services for advertisers. Moreover, it offers monetization strategies to monetize site traffic by using a combination of performance and branding advertisements, and an advertisement serving algorithm to rank the advertisements available based on user targeting and past performance for publishers.
Further, InMobi provides advertisers and publishers with access to near real-time reports to monitor the performance of advertisement campaigns and the status of site monetization. Furthermore, it offers InMobi Ad Tracker, a mobile campaign conversion tracking solution; and Lifetime Value Platform, a platform that identifies in-application user groups and provides behavior insight to publishers or application developers.
InMobi has a strategic partnership with TalkingData. Naveen Tewari, Mohit Saxena, Amit Gupta, and Abhay Singhal founded mKhoj Solutions Private Limited in 2006 that became InMobi Technologies in August 2009, with its headquarters in Bengaluru in India and additional offices in New Delhi and Mumbai in India.
SOASTA, Inc.
Debt Financing in 2016
SOASTA is a performance analytics platform that enables digital business owners to gain unprecedented and continuous performance insights into their real user experience on mobile and web devices in real-time and at scale.
With more than 10 million tests performed and more than 100 billion user experiences measured, SOASTA is the digital performance expert trusted by industry‐leading companies, including Experian, Gilt Groupe, Hallmark, Intuit, Microsoft, and Netflix.
It was incorporated in 2006 and is headquartered in Mountain View, California with additional offices in the United States and London.
Videology
Debt Financing in 2017
Videology is a digital media advertising technology solutions provider, providing its clients with solutions to connect advertiser brands with consumers who are most interested in those brands. By leveraging the power of consumer data and ad decisioning, we increase accountability, and optimize the performance of video and display advertising campaigns by providing a more relevant, meaningful web experience for consumers who view the ads delivered through our advertising technology solutions.
Edmentum
Debt Financing in 2018
Edmentum, Inc. is a leading provider of online learning programs designed to drive student achievement for academic and career success. With more than 50 years of experience driving significant advances in the industry, Edmentum offers a wide variety of innovative learning programs to empower 21st century teaching and learning.
Privately owned Plato Learning, the Minneapolis-based provider of online education solutions, acquired publicly traded Archipelago (ARCL) and Oregon-based EdOption.. The new name of all three companies is Edmentum.
SoundCloud
Debt Financing in 2016
SoundCloud, launched in 2008 by Alexander Ljung and Eric Wahlforss, lets people discover and enjoy the largest selection of music from the world’s most diverse creator community. This is made possible by an open platform that directly connects creators and their fans across the globe. Sound creators can use the platform to instantly record, upload and share sounds across the internet, as well as receive detailed stats and feedback from the SoundCloud community.
Mesa Air Group, Inc.
Debt Financing in 2014
Mesa Air Group, Inc. operates as the holding company for Mesa Airlines, Inc. that provides regional air carrier services under capacity purchase agreements with the American Airlines and the United Airlines. As of September 30, 2020, it operated a fleet of 146 aircraft with approximately 373 daily departures to 102 cities in the United States and Mexico. The company was founded in 1982 and is headquartered in Phoenix, Arizona.
