Meet Mary Hoover Drucker

Rich also was CFO of Software Emancipation Technology, Planet Direct Corp., and ESSENSE Systems, Inc., and was a Senior Manager at Ernst & Young, LLP and a C.P.A. . Prior to joining Audax in 2003, Steve was an Analyst at Greenwich Street Capital Partners. He also previously worked as a Financial Analyst at DLJ Investment Partners, which became Credit Suisse Private Equity’s dedicated mezzanine fund. If you require legal assistance with Debt & Collection in Plovdiv, Bulgaria, it is recommended to consult with a local lawyer who is knowledgeable about the laws and procedures in this field. A lawyer can help you understand your rights, negotiate with creditors, and represent you in legal proceedings if necessary.
Audax Private Debt Flexible, customized equity solutions for private equity sponsors. Paradoxically, the shifting landscape has had little influence on purchase price multiples – at least not for the deals getting done. A flight to quality coupled with a dearth of dealflow means that valuations for businesses with strong growth prospects remain elevated. Adequate leverage, thus, is required to finance new platform acquisitions, and mezzanine debt has helped fill this gap. Audax Private Debt’s President, Kevin Magid, discusses the growth of private debt as an asset class, the importance of flexibility and relationships in mid-market lending, and the key role of risk management. Learn what has set Audax Private Debt apart and how the firm is able to remain both active and selective across economic and market cycles.

We disclaim all liability for actions you take or fail to take based on any content on this page. If you find any information to be incorrect or outdated,  please contact us, and we will make efforts to rectify it. None of the above awards should be considered an endorsement of Audax or its funds by the authors or distributors of the rankings or honors. The awards may not be representative of any one client’s experience with Audax and is not indicative of Audax’ future performance.
Remington is a Managing Director at Audax Private Debt, overseeing our unitranche and junior debt investment teams. John is a Principal at Audax Private Debt, and a member of our unitranche and junior debt investment teams. David is a Vice President at Audax Private Debt, and a member of our unitranche and junior debt investment teams. Joe is a Vice President at Audax Private Debt, and a member of our unitranche and junior debt investment teams. Richard is a Vice President at Audax Private Debt and is a member of our unitranche and junior debt investment teams.

Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, the firm has invested more than $36 billion in support of over 275 private equity sponsors. Audax Private Debt is an experienced and trusted partner with senior leadership averaging more than 26 years in private credit and 15 years working together at the firm through multiple economic cycles. Audax Private Debt invests in Mary Hoover Drucker established middle market companies through first lien, stretch senior, unitranche, second lien, subordinated debt, and equity co-investment solutions. We work collaboratively to build financing solutions shaped to meet the needs of our private equity clients, capital partners, and investors. Audax Private Debt invests in established middle market companies through first lien, stretch senior, unitranche, second lien, junior debt and equity co-investment solutions.
The Company serves public and private sector clients on projects across transportation, water, municipal advisory, broadband, and land development. In a high interest rate environment, some borrowers may struggle to maintain adequate FCCR and interest-coverage ratios. Mezzanine’s ability to allow for PIK-interest payments improves the ability of borrowers to cover their current cash interest and fixed charges. Given heightened base rates, the cash interest rate for mezzanine tranches is often lower than unitranche and sometimes lower than senior debt cash interest rates. In this sense, mezzanine structures can preserve cashflow during windows when liquidity dries up.

Kevin is responsible for overseeing all facets of Audax’ debt business, including origination, underwriting, and portfolio management as well as setting the business’ strategic direction. Founded in 1997 and headquartered in Raleigh, NC, TEP is a leading provider of engineering, inspection, maintenance, and construction management services for telecommunication infrastructure. The Company serves cell tower owners, wireless carriers, and fiber network providers throughout the U.S. and Canada.
We embrace and integrate ESG factors into our investment strategy and believe doing so enhances our ability to build better businesses and create value. Founded in 1985 and headquartered in Milwaukee, WI, Engine & Transmission Exchange is a leading independent remanufacturer of aftermarket vehicle transmissions and other automotive aftermarket repair and replacement parts. ETE offers a number of complementary services, including transmission repair, engine and transfer case repair and replacement, and servicing of torque convertors. With a legacy spanning over 35 years, the Company’s proven remanufacturing process returns used transmissions to “new” or “better-than-new” condition by using reclaimed and re-machined components. Remanufactured transmissions and other remanufactured auto parts are sold by the Company into retailer, installer, distributor, and other channels to be installed in vehicles across the United States. Market volatility, high inflation, and rising rates have heightened concerns over the near-term economic outlook.

If you need legal advice or assistance with Debt & Collection in Plovdiv, Bulgaria, you can contact the Bulgarian National Bar Association or the Plovdiv Bar Association for referrals to qualified lawyers specializing in debt-related matters. Our lawyers may assist you with the preparation and presentation of a notary letter of invitation to another person – your debtor to perform a contractual obligation. For example, if you have sold a property to be paid in instalments and the buyer paid only few of the instalments, you may invite him to pay the outstanding instalments by servicing a notary invitation.
We endeavor to create lasting value with our commercial activities and within our communities. Audax Private Debt announced that it participated in a unitranche credit facility to support the refinancing and acquisition of Qlarion by Sagewind Capital’s portfolio company, GCOM Software (“GCOM” or the “Company”). Audax Group manages capital for investors worldwide, making investments through the full capital structure of the U.S. middle market. The common thread across each of our business lines is a dedicated focus to support middle market companies. As our investment operations and businesses have scaled, our dedication to this segment remains unchanged, creating a competitive advantage and edge to source, support, and help grow middle market companies. The demand for mezzanine today, from borrowers as well as other lenders, is fuelled by the flexibility this form of financing provides.
These awards should not be construed as an endorsement of Audax or its funds by the award distributor. They may not be representative of any one client’s experience with Audax and is not indicative of Audax’ future performance. They are not intended to be a recommendation or investment advice, do not constitute a solicitation to buy, sell or hold a security or an investment strategy, and are not provided in a fiduciary capacity. They do not take into account the specific objectives or circumstances of any particular investor or suggest any specific course of action. Audax has provided the party above with de minimis compensation to make use of such awards and recognition. Audax Private Debt announced that, as Administrative Agent and Joint Lead Arranger, it provided a unitranche credit facility to support Odyssey Investment Partners’ acquisition of Magna Legal Services.

We are a collaborative, trusted financing partner with a long and successful track record of investing across a wide range of industries and transaction structures. In 2022, Mr. Wolpow established the Arbour Way Foundation , of which he serves as Chairman. Through AWF, Marc, his wife Robin, and their children support programs in health equity, educational opportunity, reproductive rights, and environmental defense. Among the organizations benefitted by AWF are Boston Children’s Hospital, Memorial Sloan Kettering Cancer Center, The American Civil Liberties Union, and the Natural Resources Defense Council. PitchBook’s 2023 Global League Tables rankings are compiled using the count of completed deals for the specified criteria.
The role of mezzanine within the capital structure isn’t always obvious from the outside looking in. Even as all-senior financing structures and unitranche facilities have become more common, mezzanine remains critical within the capital structures of sponsor-backed companies. For instance, despite the appearance of one legal document, some historical unitranche facilities were, at times, carved up into first-out/last-out positions via a separate lender agreement.