Churchill Serves as Joint Lead Arranger & Joint Bookrunner for Unitranche Financing Facility to Support Tailwind Capital’s Acquisition of RANDYS Worldwide Automotive

New York, NY, June 28, 2019 – Churchill Asset Management (“Churchill”) today announced that it served as Joint Lead Arranger & Joint Bookrunner for a unitranche financing facility to support the acquisition of RANDYS Worldwide Automotive (“RANDYS”) by Tailwind Capital.

Founded in 1982 and headquartered in Everett, WA, RANDYS is a leading designer and asset-light supplier of highly-engineered, mission critical drivetrain products to the automotive aftermarket.

Based in New York, NY, Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within industrial services, business services and healthcare.           

About Churchill Asset Management

Based in New York, Churchill Asset Management LLC is a leading provider of senior and unitranche debt financing for middle market companies, particularly those backed by top-tier private equity sponsors. Churchill has $6.5 billion of committed capital under management and has broad experience in all aspects of the middle market financing business, including structuring, credit analysis, syndication, and deal monitoring and oversight. More information can be found at www.churchillam.com.

About Tailwind Capital

Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within healthcare, business services and industrial services. Tailwind partners with experienced management teams and entrepreneurs to transform businesses through organic growth initiatives, acquisitions, and operational and strategic investments. Since inception, Tailwind has managed $3.6 billion of committed equity capital, and has invested in 40 portfolio companies and over 90 add-on acquisitions.

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Churchill Asset Management is a registered investment advisor and majority-owned, indirect subsidiary of Teachers Insurance and Annuity Association of America. Certain Nuveen products are advised by Nuveen Alternatives Advisers LLC, a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, Members FINRA and SIPC.

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