Integrated Private Debt Fund V invests $23M in DBG Group

Integrated Asset Management Corp. (TSX: IAM) announced its private corporate debt group, IAM Private Debt Group on August 1, 2017 closed a $23 million senior loan to DBG Group Ltd.

Mississauga, Ontario based DBG intends to use funds to repay current creditors, fund a cross-border asset purchase, and assist in working capital needs.

DBG is a Canadian-based parts manufacturer to the heavy truck and auto industry. The company primarily provides the design and manufacture of metal stampings, structural welded, modular welded, and mechanical assemblies for truck manufacturers. DBG is strategically located in Canada, Mexico, and now the United States with the closing of the capital raise.

“We are excited to support DBG and its continued growth in North America. The company’s performance was strong throughout a challenging environment, a testament to the quality of DBG’s management, products and services. We are happy to include DBG in our portfolio and to provide patient capital for growth going forward,” said Jeffrey Deacon, a Managing Director at IAM Private Debt Group.

IAM Private Debt Group manages and provides funding from Integrated Private Debt Fund LPs on behalf of a number of pension funds and other institutional investors. IAM PDG offers fixed rate, investment grade term loans to mid-market companies for such purposes as refinancing existing debt, acquisitions, plant expansion or modernization, project financing and management buyouts.

IAM Private Debt Group is investing its fifth fund, Integrated Private Debt Fund V, a $667 million fund.

photo credit: DBG Group

Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.