Allied Capital Corporation announced today that it has invested $83 million to support the buyout of DirectBuy, Inc. by private equity firm Trivest Partners, L.P. Allied Capital’s investment took the form of senior subordinated debt and an equity co-investment.
Founded in 1971, DirectBuy is the largest domestic franchisor of membership-based consumer buying centers in North America, overseeing 149 locations across the U.S and Canada and serving hundreds of thousands of members. DirectBuy offers its members the opportunity to purchase a wide selection of name-branded products at wholesale prices. System-wide purchases by DirectBuy members topped $700 million during 2007.
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