BNY Mellon Asset Management Unit Makes Investment in Government Services Sector
NEW YORK, August 15, 2011 — BNY Mellon-Alcentra Mezzanine Partners, a division of Alcentra and part of BNY Mellon Asset Management, today announced that it invested $13.4 million to support DC Capital Partners' acquisition of Sallyport Global Holding, Inc., a government construction and engineering firm. The acquisition was completed on June 29, 2011.
BNY Mellon-Alcentra Mezzanine Partners is a subordinated debt and equity capital provider to middle market companies throughout North America. DC Capital completed the investment in Sallyport through one of its portfolio companies, Kaseman, LLC.
The combination of DC Capital and Sallyport provides over 2,000 civilian contractors operating on five continents to various U.S. governmental agencies including the Department of Defense and the Department of State. It operates in three primary areas: (i) engineering and professional services, (ii) specialized construction, and (iii) training. Sallyport provides engineering and professional services, which include fire protection, environmental remediation, power generation, and other support services such as base construction, base operations, and logistics.
"The combination of Sallyport and Kaseman will significantly enhance and expand the companies' international footprint and service offering," said Scott Gold, senior vice president of Alcentra. "The company is led by a highly experienced management team and dedicated employee base, which focuses intensely on quality of service."
BNY Mellon-Alcentra Mezzanine Partners, a division of Alcentra NY, LLC based in New York, currently manages approximately $500 million of capital. BNY Mellon-Alcentra Mezzanine Partners invests in unitranche debt, mezzanine debt, and/or minority equity. Targeted sectors include healthcare and pharmaceutical services; defense, homeland security and government services; business and outsourced services. BNY Mellon-Alcentra Mezzanine Partners makes investments in transactions led by sponsors, fundless sponsors or directly with entrepreneurs / business owners. Additional information is available at http://mezzanine.alcentra.com/.
Alcentra is an asset management and investment group focused on sub-investment grade debt capital markets in Europe and the United States. The group has an investment track record that dates back to 1998 and spans across 43 separate investment funds totaling approximately $17 billion. Alcentra is 95.5 percent owned by BNY Mellon and 4.5 percent owned by the employees. BNY Mellon Asset Management is one of the world's leading asset management organizations, encompassing BNY Mellon's affiliated investment management firms and global distribution companies. Information about BNY Mellon Asset Management can be found at www.bnymellonam.com.
BNY Mellon is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, offering superior investment management and investment services through a worldwide client-focused team. It has $26.3 trillion in assets under custody and administration and $1.3 trillion in assets under management, services $11.8 trillion in outstanding debt and processes global payments averaging $1.7 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available at www.bnymellon.com and through Twitter @bnymellon.