MVC Capital hired a team of four from Fifth Third to expand mezzanine lending, reflecting the bank’s move away from that business.
The hires include David J. Williams, who co-founded Fifth Third’s Mezzanine Finance Group in 1999. He joins the company as managing director.
Harrison S. Mullin also joins as a managing director. David R. Gardner and Scott D. Foote are also part of the new team.
The team will join Tokarz Group Advisers, the external manager of MVC, and will be based in Cincinnati.
MVC Capital, a BDC that trades on NYSE as MVC, targets small and middle-market companies for growth investments, acquisitions and recapitalizations. The fund typically invests $3-25 million for control and non-control stakes in Midwestern U.S. companies generating annual revenue of $10-200 million and EBITDA of $3-25 million. – Abby Latour