CNL Strategic Capital Buys Majority Stake in Clarion Safety Systems
CNL Strategic Capital LLC, a publicly registered non-traded limited liability company, has purchased a 99 percent indirect equity ownership interest and made a concurrent debt investment in Clarion Safety Systems LLC in partnership with the firm’s management.
CNL Strategic Capital LLC, a publicly registered non-traded limited liability company, has purchased a 99 percent indirect equity ownership interest and made a concurrent debt investment in Clarion Safety Systems LLC in partnership with the firm’s management.
According to a filing with the Securities and Exchange Commission, CNL Strategic Capital’s investment in Clarion is comprised of an indirect common equity interest investment of approximately $46.8 million and a concurrent debt investment of approximately $22.5 million made through a wholly-owned subsidiary in the form of a senior secured note issued by the subsidiary and Clarion.
Founded in 1990, Clarion is a provider of visual safety labels and signs for original equipment manufacturers, facility owners, and employers in reducing risk and protecting workers.
This is the tenth company in CNL Strategic Capital’s portfolio.
CNL Strategic Capital acquires controlling equity stakes in combination with loan positions in middle-market businesses. The company is externally managed by CNL Strategic Capital Management LLC and Levine Leichtman Strategic Capital LLC.
