News

 

Greenwich, CT, March 6, 2024 -- Silver Point Finance, the direct lending business of Silver Point Capital, L.P., today announced that it has served as Joint Lead Arranger and Joint Bookrunner in the Senior Secured financing in support of Monomoy Capital Partners’ (“Monomoy”) acquisition of Waupaca Foundry, Inc. (“Waupaca Foundry”), North America’s leading supplier of cast and machined iron castings. Waupaca Foundry will continue to operate under its current management team, led by President, CEO, and COO Michael Nikolai.

 

Headquartered in Wisconsin with operations dating back to 1871, Waupaca Foundry supplies gray and ductile iron to diverse markets using state-of-the-art processes and technology led by high-caliber people and processes. Waupaca Foundry has over 4,000 employees and operates five iron foundries with 1.4 million tons of capacity, making it one of the largest metal casting suppliers globally.

 

Waupaca Foundry, Inc., North America’s leading supplier of iron castings to the automotive, commercial vehicle, agriculture, construction, and industrial markets, produces gray iron castings, ductile iron castings, and austempered ductile iron castings using state-of-the-art processes and technology. The manufacturer also specializes in precision machining and assembly. Waupaca Foundry is headquartered in Waupaca, Wisconsin and operates six iron foundries in Waupaca, Wisconsin, Marinette, Wisconsin, and Tell City, Indiana. The company operates machining and assembly in Waupaca, Wisconsin. Waupaca employs approximately 4,000 people. For more information, visit www.waupacafoundry.com.

 

Monomoy Capital Partners is a private investment firm with $3 billion in assets under management across a family of investment funds. Monomoy invests in the equity and debt of middle-market businesses that can benefit from operational and financial improvement with a focus on manufacturing and distribution businesses across industrial and consumer product sectors in North America and Europe. For further information concerning Monomoy and its portfolio companies, visit www.mcpfunds.com.

 

 

For over 20 years, Silver Point Finance (“SPF”) has been an active participant in the direct lending market, providing customized financing solutions to middle-market companies across a broad range of industries. SPF's transactions support acquisitions, refinancings, bridge loans, growth capital, balance sheet restructurings and leveraged recapitalizations. Along with its affiliates, SPF manages approximately $12 billion in investable capital and, in 2023, agented or arranged approximately $6.2 billion in credit facilities. Silver Point Finance is the direct lending business of Silver Point Capital, L.P., a leader in global credit investing that oversees the management of more than $27 billion in investable capital. For more information, please visit www.silverpointfinance.com.