GMB Mezzanine Grows its Team

GMB Mezzanine Capital has promoted Seth Jonker to Senior Associate and hired Beth Nechanicky as the firm’s new Controller.

Mr. Jonker joined GMB as an associate in 2015. Earlier in his career he was active in commercial lending, at Wells Fargo where he provided debt financing in support of private-equity backed buyouts, M&A transactions, and recapitalizations. He has a BA degree in Economics from Carleton College.

“Seth is recognized for his growing knowledge of the industry, team contributions, and deal leadership. He will play a key role in supporting our private equity relationships,” said Dan Hemiadan, a Partner at GMB.

Beth Nechanicky joins GMB from Churchill Equity where she was the firm’s controller. Ms. Nechanicky had worked at Churchill Equity since March 2003. Earlier in her career she was at General Mills and PricewaterhouseCoopers. Ms. Nechanicky graduated from the University of Iowa’s Tippie College of Business.

“We are pleased to add Beth to the team. Her experience will enable GMB to better address the growing reporting requirements of its maturing funds and prepare for future growth,” said Tom Kreimer, GMB’s Chief Financial Officer.

GMB Mezzanine Capital provides mezzanine debt and equity co-investments to middle-market companies with enterprise values from $20 million to $200 million that are typically sponsored by private equity firms. GMB invests from $3 million to $25 million in leveraged acquisitions, recapitalizations, growth/expansion transactions, and buyouts. In January 2016, the firm closed its third fund, GMB Mezzanine Capital III LP, with commitments of just more than $270 million. GMB’s two earlier funds invested a total of $507 million in 66 portfolio companies from 2005 through the end of 2015. GMB is based in Minneapolis (www.gmbmezz.com).

© 2017 Private Equity Professional | October 19, 2017

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