KCAEP, LLC

Invested

May 2006

Realized Investment

KCAEP, an acquisition vehicle of San-Francisco based private equity firm KCA Partners, is a holding company for two separate subsidiaries: Apex-Carex Healthcare Products, a manufacturer and marketer of low-tech self-treated medical products; and, Van’s International Foods, a manufacturer and marketer of gourmet frozen waffles.

Caltius Mezzanine initially invested in the company in 2002 through its second fund. Caltius Mezzanine’s new investment refinanced some existing debt and financed the acquisition of Bed Buddy, a branded line of therapeutic hot/cold packs, by Apex-Carex. Bed Buddy’s patented, reusable hot/cold packs can be both micro-waved and frozen to quickly and effectively treat sore muscles, arthrities, headaches, and other pain. The Bed Buddy products are an attractive strategic fit with Apex-Carex’s product portfolio and have complementary sales channels.

San Francisco, CA


“Caltius was flexible and creative in structuring a unique financing package that met our needs.”

PJ Nora, KCA Partners

www.carex.com