Evolve Capital, Praesidian Back Bottling Machine Manufacturer
August 15, 2013
Evolve Capital and Praesidian Capital have made an investment in Meheen Manufacturing. Meheen makes carbonated beverage bottling machines that fill and cap glass and aluminum bottles. Praesidian invested $11.25 million in first lien debt and $500,000 alongside Evolve to support the financing. Meheen marks the second Evolve portfolio company that Praesidian has backed in the last year.