Babson Capital Management has announced that it provided subordinated debt and made an equity co-investment to support Swander Pace Capital's buyout of Caleel + Hayden (dba gloProfessional). Babson was the sole provider of mezzanine capital in the transaction. gloProfessional, based in Denver, develops and markets mineral-based cosmetics and skin care products, serving over 5,000 dermatologists, cosmetic surgeons, aestheticians, spas and salons.
