Windjammer Exits MacLean Power Systems
January 17, 2011- Share:
Windjammer Capital Investors has exited its $30.6 million equity and debt investment in MacLean Power Systems, which generated total proceeds of $128.2 million. Windjammer first invested in the company in 2002 when it provided $17.5 million in subordinated debt and convertible preferred stock to support a strategic acquisition. About two years later, the firm provided another $13.1 million of subordinated debt financing. MacLean manufactures electrical hardware and insulator components for the electrical utility industry.
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