Babson Capital Management was an institutionally-focused private equity and global fixed income manager specializing in the areas of special situations investments, private equity, mezzanine debt, middle market lending, investment grade corporate credit, structured credit, high yield bonds, multi credit, senior secured loans and emerging markets debt. It was founded in 1940 and was based in Springfield, Massachusetts.
Azalea Capital is an investment firm headquartered in Greenville, SC, providing strategic equity capital to privately owned, middle-market firms in the Southeast to facilitate management buyouts, business recapitalizations, and growth plans. Typical investment candidates will have minimum annual revenues of $10 million in the focus industries of manufacturing, distribution, business services, consumer products, and healthcare. Typical investments range in size up to $8 million in common or preferred equity, with larger transactions available for syndication. Azalea targets firms with EBITDA of $2-10 million with a geographic focus on the Southeastern United States.