Bengur Bryan acted as financial advisor to Mission Critical Electronics, Inc. (MCE), a portfolio company of Evolve Capital, in privately placing $22.8 million of senior notes with Praesidian Capital and Plexus Capital.
Based in Santa Ana, California, MCE is a leading manufacturer of mission critical, specialized electronic products. The Company is the preeminent provider of electronic products to the $4.0 billion EV market, and a dominant player in multi-billion dollar sub-segments of the marine and telecom markets, having significant brand recognition for durable and quality products capable of withstanding the most extreme environments possible.
Evolve Capital is a private equity firm focused exclusively on leveraged recapitalizations of entrepreneurial businesses. Evolve was founded in 2005, but its principals have been partnering with entrepreneurs since 1993. It seeks to partner with companies with $2.5 to $4.0 million of EBITDA and a track record of growth.