PNC Mezzanine Capital

PNC Mezzanine Capital is the mezzanine and growth capital arm of The PNC Financial Services Group, headquartered in Pittsburgh. It provides subordinated debt, mezzanine financing and related equity solutions to middle market companies in the United States and Canada, supporting leveraged buyouts, acquisitions, recapitalizations and growth initiatives. The firm typically invests in companies with revenues ranging from roughly $20 million to $100 million and EBITDA from about $3.5 million to $25 million, and structures its transactions with debt and equity instruments, often taking a majority stake. Investment sizes commonly span from about $5 million up to $70 million in equity and up to $40 million in debt, with a preference for combinations including subordinated debt, debt with warrants, or equity in conjunction with mezzanine. Target sectors include niche manufacturing, value-added distribution, commercial and business services, and consumer services.