VSS Starts Mezzanine Fund

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By: Jennifer Saba Veronis Suhler Stevenson, a merchant bank specializing in media, has started a mezzanine fund for established mid-market media companies, E&P has learned.

The fund Mezzanine Capital is intended to help companies -- such as privately owned mid-sized newspapers -- with acquisition strategies, buyouts or internal growth by providing additional capital to senior lenders (such as large commercial banks). The size of the fund was not disclosed but it's expected that transactions will range from $10 to $75 million.

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