Candlewood Partners is pleased to announce its role as exclusive financial advisor to Cedar Electronics in connection with the refinancing of its capital structure.
Cedar Electronics (“Cedar”) is a leading designer and supplier of radio communication and automotive aftermarket technology products serving consumer, commercial and professional end-markets through its iconic Cobra and Escort brands. With more than 60 years of category leadership, Cedar delivers communication, detection and safety solutions supported by deep engineering expertise and a scalable, asset-light operating model.
The transaction featured a senior secured financing including a revolving facility, first-lien term loan and delayed draw term loan. The refinancing optimized Cedar’s capital structure and enhanced liquidity to support working capital needs, ongoing product development and various continued growth and expansion initiatives.
Candlewood served as financial advisor to Cedar throughout the transaction process, supporting management and ownership across lender outreach, diligence coordination, transaction structuring and the negotiation of financing documentation. Cedar Electronics is majority owned by CIFC Asset Management. A representative from CIFC highlighted the significance of the transaction:
“This refinancing marks a meaningful step forward for Cedar as we continue to optimize its capital structure and position the company for long-term growth,” said John Jadach, Head of Portfolio Management for CIFC Direct Lending. “We believe the new debt structure provides enhanced flexibility, strengthens liquidity, and supports Cedar’s strategic objectives. We appreciate the efforts of Candlewood Partners, which has been a reliable investment banking partner to CIFC Direct Lending. We are excited for Cedar’s growth trajectory under CIFC’s majority ownership, and we look forward to driving continued performance and value creation together.”
About Cedar Electronics
Headquartered in Chicago, Illinois, Cedar Electronics is a leading provider of radio communication and automotive aftermarket solutions with a long-standing reputation for innovation, quality and reliability. The company operates an asset-light platform supported by dedicated research and development facilities in West Chester, Ohio, enabling rapid product innovation and efficient scaling. Cedar offers a broad product portfolio spanning two-way radios (including CB, FRS, GMRS, Marine and LMR), as well as radar detectors, dash cameras and related accessories sold under the Cobra and Escort brands.
About Candlewood Partners
Candlewood Partners is a Cleveland, New York, and South Florida-based boutique investment bank and advisory firm. Our focus is middle market capital raising, restructuring advisory, lender services, and M&A execution. Since 2001, Candlewood has supported the needs of private businesses, small cap public companies, private equity and independent sponsors, and private credit lenders. We leverage decades of experience to maximize value for our clients, successfully navigating complex engagements across diverse industries and markets worldwide.
About CIFC Asset Management
Founded in 2005, CIFC is an alternative credit specialist offering investment solutions across CLOs, corporate, structured, and opportunistic credit as well as direct lending strategies which have been designed with the goal to deliver consistent, attractive risk-adjusted returns to investors. CIFC manages over $47 billion in assets, employs more than 200 professionals in the U.S. and Europe, and serves over 500 institutional investors globally. The CIFC Direct Lending team brings deep expertise and a proven ability to deploy capital in direct lending markets, having invested $12.0 billion in 350+ investments over 20+ years. The team maintains strong deal partner connections with a core focus on relationship lending and agile financing solutions to support sponsor acquisitions, portfolio company expansions and growth-related operational initiatives.
Candlewood Partners, LLC
Established 2001
