Sector: Software and Tech-Enabled Services

AB Private Credit Investors (“AB-PCI”) served as Sole Lead Arranger, Sole Bookrunner and Administrative Agent for a unitranche credit facility to support H.I.G. Growth Partners’ acquisition of myKaarma. AB-PCI’s experience and expertise in application software facilitated a flexible financing solution that will provide significant capacity for growth.

Built upon an industry-leading communication and payment platform, myKaarma delivers good karma for vehicle owners and dealers alike by making the service experience better for all. With more than $11 Billion in payments processed, 230 million text messages transmitted and more than 2.5 million videos recorded, customers have realized a 30% lift in repair-order dollars when using the latest solutions. myKaarma is an advanced end-to-end platform with scheduling, communications, payment, pickup and delivery, video multi-point inspection, business-development center solutions, and insightful reporting.

H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global alternative investment firm with $48 billion of equity capital under management. H.I.G. Growth Partners seeks to make both majority and minority investments in strong, growth-oriented businesses located throughout North America, Europe and Latin America. H.I.G. Growth Partners considers investments across all industries, but focuses on certain high-growth sectors where it has extensive in-house expertise, such as technology, healthcare, internet and media, consumer products, and technology-enabled financial and business services.

Sector: Healthcare

AB Private Credit Investors (AB-PCI) served as Lead Arranger and Administrative Agent for a senior credit facility supporting Ridgemont Equity Partners’s LBO of American Outcomes Management (AOM). AB-PCI worked with Ridgemont Equity Partners to craft a scalable solution, leveraging significant shared expertise related to pharmaceutical services.

American Outcomes Management is a nationwide healthcare provider that is committed to providing high quality patient care to patients in their home environment. AOM has been a full-line home infusion provider since 1994 and has developed recognized expertise in this field, including outpatient treatments using total parenteral nutrition (TPN), as well as intravenous immune globulin (IVIG), antibiotics, inotropic therapy and many other therapies.

Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested over US$5.5 billion. The firm focuses on equity investments up to US$250 million and utilizes a proven, industry-focused investment approach and repeatable value creation strategies.

Sector: Digital Infrastructure & Services

AB Private Credit Investors (AB-PCI) served as Lead Arranger and Administrative Agent of a unitranche credit facility to support the leveraged buyout of Ntiva by PSP Capital, a Chicago-based private investment firm founded by its Chairman, Penny Pritzker. AB-PCI collaborated with PSP on key sector themes and leveraged deep expertise in the Managed Services Provider (MSP) segment to execute a flexible and scalable financing package. Ntiva represents AB-PCI’s third MSP deal during the past twelve months.

Ntiva is a leading IT services company that provides businesses across the US with advanced technology expertise and support, including managed IT services, strategic consulting, cybersecurity services, cloud services and telecom solutions. Ntiva was founded in 2004 by Steven Freidkin and is one of the largest nationwide IT MSPs. The company was named one of Inc. 5000’s Fastest-Growing Private Companies in America seven times and has been recognized by CRN with the Triple Crown Award for four consecutive years, as a leading information technology solution provider.

PSP Partners is a Chicago-based private investment firm founded by its Chairman, Penny Pritzker, an entrepreneur, civic leader and philanthropist, and former US Secretary of Commerce. With investment strategies focused on established businesses (PSP Capital), emerging/growth companies (PSP Growth) and real assets (Pritzker Realty Group), PSP Partners invests across stages and asset classes, with a primary emphasis on business and technology services, advanced industrials and real estate, that are well-aligned with its expertise and experience.

Sector: Restaurants and Franchising

AB Private Credit Investors ("AB-PCI") served as Administrative Agent and Sole Lender for a senior credit facility to support the acquisition of the remaining 50% of equity interests of Mountain Mike’s Pizza by its principal owners and co-CEOs Chris Britt and Ed St. Geme, whose family partnerships have owned the other 50% since 2017. AB-PCI’s experience and expertise in the restaurant industry facilitated a flexible financing solution that addressed the company’s capital needs.

Mountain Mike’s Pizza is a leading franchisor of pizza restaurants, with 250 stores located in California, Oregon, Utah, Arizona, Idaho and Nevada. The restaurants feature fresh, made-to-order pizzas served in a casual, family-friendly atmosphere. Mountain Mike’s was founded in 1978 and is headquartered in Newport Beach, California.

Known for its legendary pepperoni pizza, covered from edge to edge with crispy, curly mini pepperonis, and its 20-inch Mountain-sized pizzas, Mountain Mike’s serves “Pizza the Way it Oughta Be!®” to its legion of fans in the Western US.

Sector: Healthcare

AB Private Credit Investors (AB-PCI) served as Lead Arranger and Administrative Agent to support L Catterton’s acquisition of Alliance Animal Health. AB-PCI’s experience in multi-site healthcare resulted in a flexible financing solution that has significant capacity for growth.

Headquartered in Stamford, Connecticut, Alliance Animal Health is an owner and partner to veterinarians at animal hospitals in 19 states and growing, emphasizing medical independence and the benefit of shared resources. The company allows veterinarians to continue to practice medicine independently while providing resources and assistance in business operations.

With approximately $30 billion of equity capital across its fund strategies and 17 offices around the world, L Catterton is the largest global consumer-focused private equity firm. L Catterton's team of nearly 200 investment and operating professionals partners with management teams around the world to implement strategic plans to foster growth, leveraging deep category insight, operational excellence and a broad partnership network. Since 1989, the firm has made over 250 investments in leading consumer brands.

Sector: Digital Infrastructure & Services

AB Private Credit Investors (AB-PCI) served as Sole Lead Arranger of senior secured debt facilities to support the recapitalization of AVANT Communications (AVANT) by Pamlico Capital. AB-PCI worked with Pamlico Capital to craft a scalable solution, leveraging significant shared expertise pertinent to digital infrastructure services and related channel partners.

AVANT is a platform for IT decision-making and the nation’s premier distributor for next-generation technologies. AVANT provides unique value to its extensive network of trusted advisors with original research, channel sales assistance, training and tools to guide decision-making around IT services that promote business growth. From complex cloud designs to global wide-area network deployments to the latest in security services, AVANT sets the industry standard in enabling its partners and clients to make intelligent, data-driven decisions about services, technology and cost-effective communications.

Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in North America. Pamlico Capital seeks control-oriented growth equity investments of up to $200 million alongside founders and proven leaders in its target industries: business and technology services, communications and healthcare. The firm, based in Charlotte, NC, has assets under management of approximately $4 billion.

Sector: Restaurants & Franchising

AB Private Credit Investors (AB-PCI) served as Sole Lead Arranger and Administrative Agent for senior secured credit facilities to support The Beekman Group’s continued ownership of Dunkin’ franchisee, TBG Food Acquisition Corp. (“TBGFAC”). AB-PCI’s experience and expertise in the restaurant industry facilitated a flexible financing solution that provides significant capacity for acquisition and new store growth.

TBGFAC is a leading franchise platform company dedicated to acquiring and growing restaurant units of highly recognizable consumer brands in the quick service restaurant industry. The company currently operates Dunkin’ stores located in New York, South Carolina and Virginia, and is one of the largest franchisees in the Dunkin’ Brands system.

The Beekman Group is a private equity firm, based in New York City, focused on building industry-leading companies in the healthcare, consumer and business services sectors. The firm partners with management teams who desire to be significant owners and create meaningful value by accelerating organic and acquisition growth initiatives. Beekman manages over $1 billion in assets and has completed over 135 transactions since inception.​​​​​​​

Sector: Software and Tech-Enabled Services

AB Private Credit Investors (AB-PCI) served as Joint Lead Arranger and Joint Bookrunner of a unitranche debt facility to support the acquisition of e-Emphasys Technologies ("e-Emphasys") by TA Associates (“TA”) and True Wind Capital. AB-PCI’s experience in application software and its strong relationship with TA and True Wind Capital resulted in a flexible financing solution that has significant capacity for growth.

e-Emphasys was founded in 1999 and is a dealer management platform offering real-time data and analytics that provide complete visibility at every level of operations, empowering management to make proactive, data-driven decisions. The Company has a global presence, but it is based out of Cary, North Carolina.

TA is a global growth private equity firm with more than 120 Investment Professionals based in Boston, Menlo Park, London, Mumbai and Hong Kong. Focused on targeted sectors within five industries—technology, health care, consumer, financial and business services—TA invests in profitable, growing companies with opportunities for sustained growth. The firm has invested in more than 550 companies around the world since its founding in 1968.

True Wind Capital is a San Francisco–based private equity firm focused on investing in leading technology companies. Founded in 2015, True Wind has a broad investing mandate, with deep industry expertise across software, data analytics, tech-enabled services, internet, financial technology and hardware.

Sector: Digital Infrastructure & Services

AB Private Credit Investors (AB-PCI) served as the Administrative Agent and a Lead Arranger of a unitranche debt facility to support the buyout of Bridgepointe Technologies (Bridgepointe) by Charlesbank Capital Partners (Charlesbank). AB-PCI worked with Charlesbank to craft a scalable solution, leveraging significant shared expertise related to digital infrastructure services and related channel partners.

Bridgepointe is a leading IT strategy firm that provides unbiased solutions to help meet its client's technology needs. Since 2002, Bridgepointe's deep and broad supplier relationships have offered clients, from small and medium-size enterprises to the Fortune 500, access to a broad portfolio of services and applications.

Based in Boston and New York, Charlesbank is a middle-market private investment firm with more than $15 billion of capital raised since inception. Charlesbank focuses on management-led buyouts and growth capital financings, and engages in opportunistic credit and technology investments. The firm seeks to build companies with sustainable competitive advantage and excellent prospects for growth.

Sector: Software and Tech-Enabled Services

AB Private Credit Investors (AB-PCI) served as Sole Lead Arranger and Administrative Agent of a unitranche debt facility in support of Tailwind Capital’s leveraged buyout of Brightspot. AB-PCI worked with Tailwind Capital to craft a scalable solution, leveraging significant shared expertise related to application software.

Brightspot was founded in 2008 and its primary office is located in Reston, Virginia.

The company is a leading content management system provider that empowers customers—regardless of the complexity of their use case—to build the content experience their organization needs with the most effective use of their resources. Brightspot’s product offering is centered around a highly sophisticated and deep technology platform with extensive workflow, search, website development and editing/publishing capabilities. The Brightspot CMS was recently named Best Content Management System by the 2021 Digiday Technology Awards, marking Brightspot’s second win in the category in two years.

Tailwind Capital was founded in 2005 and is headquartered in New York. The company has a team of 43 professionals and has committed $3.7 billion capital to date. Tailwind Capital is a private equity firm focused on growth-oriented investments in targeted sectors within industrials, technology and business services, and healthcare.

Sector: Digital Infrastructure & Services

AB Private Credit Investors (AB-PCI) served as Sole Lead Arranger of a unitranche debt facility to support the acquisition of Coretelligent by Norwest Equity Partners (NEP). AB-PCI worked with NEP to craft a scalable solution, leveraging significant shared expertise related to managed service providers (MSPs).

Headquartered in Westwood, MA, Coretelligent’s differentiated solutions are designed to secure and enhance an organization’s IT operations for optimal business performance.

Coretelligent serves as an outsourced solution for most, if not all, of a client’s IT spend on storage, compute capacity, security, and computer software and hardware while wrapping these solutions with around the clock, white-glove, technical support.

With offices in Minneapolis, MN and West Palm Beach, FL, NEP has been investing in growing, profitable and scalable middle market companies for more than 60 years. NEP has deep experience working with IT services companies.

Coretelligent fits well with NEP’s and AB-PCI’s key investment themes in the space, including best-in-class solutions, a high-recurring revenue base, and both organic and inorganic growth opportunities.

Sector: Healthcare

AB Private Credit Investors (AB-PCI) served as Joint Lead Arranger to support Webster Equity Partners’ acquisition of Honor Health Network. AB-PCI’s post-acute care experience in healthcare resulted in a flexible financing solution that has significant capacity for growth.

Headquartered in Ridgefield Park, New Jersey, Honor Health Network is a growing dynamic company operating the most respected home health-care agencies from New York to Washington DC.

The company’s services include, but are not limited to, home care, skilled nursing, physical therapy, wound care, disease process management and medical social workers.

Founded in 2003, Webster Equity Partners invests in healthcare services companies with high-impact growth strategies that deliver the highest quality care and extraordinary service.

Sector: Restaurants & Franchising

AB Private Credit Investors (AB-PCI) served as Sole Lead Arranger and Administrative Agent for a senior secured debt facility that supported Main Post Partners’ buyout of Krispy Krunchy Foods. Main Post Partners’ and AB-PCI’s combined industry expertise facilitated this transaction, which includes a scalable debt financing solution that will support the company’s future growth plans.

Krispy Krunchy Foods was founded in 1989 and is based in Alexandria, Louisiana. The company provides food service programs and serves convenience stores, grocery stores, restaurants and supermarkets. Krispy Krunchy Foods’ products include fried chicken with its unique Cajun flavor, signature sides and honey butter biscuits.

Main Post Partners is a private equity investment firm focused on investing in proven growth companies across the consumer value chain. Main Post Partners invests in both majority and minority positions primarily in first institutional capital situations where founders, entrepreneurs and management teams are looking for an experienced partner to help build their companies to full potential. With a “Partnership, not Ownership” approach, Main Post Partners works closely with a network of successful executives to provide operational and strategic support to its management partners. Main Post Partners was named to Inc.’s list of The 50 Best Private Equity Firms for Entrepreneurs.

Sector: Software

AB Private Credit Investors (AB-PCI) served as Lead Arranger and Bookrunner of a unitranche credit facility to support GTCR’s acquisition of Lexipol. AB-PCI worked with GTCR to provide a full commitment, leveraging significant shared expertise related to the company, software business models, and the governance, risk, and compliance end-market.

Lexipol provides policy management, learning management software and digital media content to public safety agencies. The company is based in Frisco, Texas, and was originally founded in 2003.

GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications, and Growth Business Services industries. The Chicago-based firm pioneered The Leaders Strategy™—finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth.

Sector: Franchising

AB Private Credit Investors (AB-PCI) served as Joint Lead Arranger and Bookrunner of a senior secured credit facility to support the acquisition of Mathnasium by an affiliate of Roark Capital. AB-PCI’s experience in the franchising industry helped facilitate a flexible financing solution to support the acquisition.

Founded in 2002 and headquartered in Los Angeles, California, Mathnasium is a franchisor and operator of math learning centers, with over 1,000 locations across 46 states and 12 countries.

Roark Capital focuses on investing in the consumer and business services sectors, with a specialization in franchised and multi-location businesses.

Sector: Healthcare

AB Private Credit Investors (AB-PCI) served as Joint Lead Arranger and Joint Bookrunner for a senior credit facility backing BayPine’s acquisition of Pinnacle Dermatology. AB-PCI worked with BayPine to craft a scalable solution, leveraging significant shared expertise related to dermatology practice management.

Pinnacle Dermatology is one of the largest dermatology management services organizations in the US and is committed to improving the way skin care is delivered. Founded by Dr. Paula Lapinski and her husband Dr. Jose Rios, Pinnacle provides comprehensive management services to 87 clinical locations across 11 states.

BayPine is a private investment firm that seeks to create lasting value for the firm's investors and portfolio companies, and the communities in which they operate, by driving innovation, digital transformation and sustainable growth in market-leading businesses across traditional sectors of the economy. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies.

Sector: Digital Infrastructure & Services

AB Private Credit Investors (AB-PCI) served as Sole Lead Arranger and Administrative Agent of senior secured credit facilities in support of Novacap’s acquisition of Stratus Networks. AB-PCI worked with Novacap to craft a scalable solution, leveraging significant shared expertise in the enterprise fiber industry.

Headquartered in Peoria Heights, Illinois, Stratus Networks is a leading provider of fiber-optic bandwidth infrastructure services. Founded by Co-CEOs John Petrakis and Kevin Morgan in 1999, Stratus has grown to become a leading data and voice networking services provider, with a full suite of products including data, cloud and voice solutions.

Founded in 1981, Novacap is a leading North American private equity firm with over C$8 bil. of AUM that has invested in more than 100 platform companies and completed more than 150 add-on acquisitions. Applying its sector focused approach, Novacap has a history of accelerating company growth and creating long-term value. Novacap has offices in Brossard, Québec and Toronto, Ontario.

Sector: Restaurants

AB Private Credit Investors (AB-PCI) served as Syndication Agent for a senior secured credit facility for Ampler Restaurant Group (Ampler).

Headquartered in Chicago, Ampler is a multi-brand quick-service restaurant (QSR) franchise operator group with a scaled and diversified portfolio of 447 franchised restaurants across 14 states. Ampler currently operates in four leading QSR brands: Burger King, Taco Bell, Church’s Chicken and Little Caesars.

Hans Pusch, CEO of Ampler said, “We value AB-PCI’s expertise in the restaurant industry and their flexible approach to this transaction. This new credit facility is structured to support our business goals.”

Bob Bielinski, managing director of AB-PCI said, “Ampler’s growth over the past four years has been tremendous. They have assembled a great management team, and we are excited to partner with them as they continue to build their business.”

Sector: Restaurants

AB Private Credit Investors (AB-PCI) acted as administrative agent and sole lead arranger for an upsize of its senior secured credit facility for KBP Investments (KBP). The upsize grew total facility commitments from $562,480,000 to $680,113,000. The increased commitments will be used to fund future acquisitions and growth.

Michael Kulp, president and CEO of KBP, said, “We wouldn’t have been able to accelerate the growth of our business without the support of AB-PCI and the rest of the lender group. This upsized credit facility provides us with the flexibility we need to continue to execute our growth plans.”

Barry Dubin, chief strategy officer of KBP, said, “As KBP has grown, our access to different sources of capital has increased, but the flexibility provided by AB-PCI’s financing solution remains the best fit for KBP and its growth-oriented business plan.”

AB-PCI’s lending relationship with KBP began in March 2016 with the closing of a $146,500,000 credit facility.

KBP owns and operates 787 restaurants in 24 states under franchise agreements primarily with KFC and Taco Bell. The company is one of the largest domestic Yum! Brands franchisees and among the top 10 largest restaurant franchisees in the United States. www.kbpinvestments.com

Sector: Digital Infrastructure & Services

AB Private Credit Investors (AB-PCI) served as Joint Lead Arranger and Joint Bookrunner for senior secured facilities supporting a recapitalization for Momentum Telecom. AB-PCI’s deep experience in digital infrastructure and services, particularly unified communications (“UCaaS”) and managed service providers (“MSPs”), and its strong relationship with Court Square Capital Partners resulted in a flexible financing solution that has significant capacity for growth.

Momentum, based in Atlanta, GA, is a global provider of cloud voice, managed network services, and unified communications solutions. Momentum empowers human connections through developing, streamlining and integrating cloud voice and cloud-based applications in order to enable others to thrive. An industry leader in customer experience, Momentum uses superior technology, a geo-redundant network and an extensive partner network to empower businesses to communicate better, faster and more efficiently

Court Square Capital Partners is a New York-based private equity firm focused on investing in the business services, general industrial, healthcare, and technology and telecommunications sectors. Since 1979, Court Square has completed over 235 investments and has $7.3 billion of assets under management.

Sector: Software

On April 22, 2021, AB Private Credit Investors (AB-PCI) served as Joint Lead Arranger and Administrative Agent to senior secured credit facilities backing CVC Growth Partner’s recapitalization of VelocityEHS. AB-PCI worked with CVC Growth Partners to craft a scalable and custom solution, leveraging significant expertise from both firms in the enterprise software vertical.

VelocityEHS is a leading global provider of cloud-based environmental, health and safety (EHS) software.

Its comprehensive software platform and innovative mobile solutions aim to make enterprise-level EHS functionality accessible and affordable to businesses of all sizes, helping them efficiently meet complex compliance and regulatory challenges.

CVC Growth Partners invests primarily in North America and Europe, focusing on high-growth businesses in a variety of industries, including software, SaaS, managed services, cloud computing, mobility, payments, security, financial technology, healthcare information technology and other tech-enabled business services.

Sector: Digital Infrastructure & Services

AB Private Credit Investors (AB-PCI) served as Sole Lead Arranger and Administrative Agent for senior secured facilities backing Court Square Capital Partners’ acquisition of Thrive. AB-PCI leveraged its deep digital infrastructure and services expertise to quickly and efficiently deliver a flexible financing solution with significant capacity for growth.

Thrive is a leading provider of technology managed services designed to drive business outcomes through application enablement and optimization.

With their new partners, Thrive will accelerate its formidable investments in its Next Generation Technology including ServiceNow, Automation and AI.

Court Square Capital Partners is a New York-based private equity firm focused on investing in the business services, general industrial, healthcare, and technology and telecommunications sectors. Since 1979, Court Square has completed over 235 investments and has $7.0 billion of assets under management.

Sector: Software

AB Private Credit Investors (AB-PCI) served as Joint Lead Arranger and Administrative Agent for senior secured facilities backing TPG Growth’s acquisition of Greenhouse (the “Company”). AB-PCI’s extensive experience providing debt capital to high-growth software businesses allowed it to quickly deliver a flexible and fully committed financing solution.

Greenhouse, a leading provider of hiring software, is based in New York, NY, and serves over 4,000 customers.

The Company’s software and structured hiring approach helps companies realize the benefits of improved diversity, equity and inclusion in their hiring practices.

TPG Growth is the middle-market and growth-equity investment platform of TPG, the global alternative asset firm. With approximately $15.4 billion of assets under management, TPG Growth targets investments in a broad range of industries and geographies. TPG Growth has the deep sector knowledge, operational resources and global experience to drive value creation and help companies reach their full potential.

The Rise Fund is the world’s largest global impact platform committed to achieving measurable, positive social and environmental outcomes alongside competitive financial returns. With more than $5 billion in assets under management across its platform, The Rise Fund works with growth-stage, high-potential, mission-driven companies that have the power to change the world. Headquartered in San Francisco, The Rise Fund was founded in 2016 to deliver deep expertise in business solutions to help achieve the United Nations’ Sustainable Development Goals. As part of TPG, The Rise Fund offers investment resources, business-building skills, rigorous measurement and a global network to help portfolio companies accelerate growth and impact. With the ability to invest across a wide variety of sectors and countries at scale, The Rise Fund focuses on opportunities in education, energy, food and agriculture, financial technology, healthcare and technology.

Sector: Restaurants and Franchising

AB Private Credit Investors (AB-PCI) served as Joint Lead Arranger and Joint Bookrunner for senior credit facilities to support the acquisition of Freddy’s Frozen Custard & Steakburgers (“Freddy’s”) by Thompson Street Capital Partners (TSCP). AB-PCI’s deep experience in restaurants and franchising and its strong relationship with TSCP resulted in a flexible financing solution that has significant capacity for growth.

Founded in 2002 with its first company-owned location in Wichita, Kansas, Freddy's restaurants feature steakburgers, shoestring fries and freshly churned frozen custard.

The company’s family friendly restaurants focus on premium quality ingredients, cooked-to-order food and best-in-class hospitality. Freddy’s award-winning system has rapidly expanded to more than 360 franchised locations and over 30 company-operated restaurants spanning more than 30 states nationwide.

TSCP is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses. TSCP has acquired more than 150 companies in the Healthcare & Life Science Services, Software & Technology Services and Business Services & Engineered Products industries and has managed more than US$2.6 billion since being founded in 2000.

Sector: Digital Infrastructure & Services

AB Private Credit Investors (AB-PCI) served as Sole Lead Arranger and Administrative Agent for senior secured facilities backing Fatbeam’s acquisition of Tek-Hut. AB-PCI’s deep experience in digital infrastructure and services and its strong relationship with SDC Capital Partners resulted in a flexible financing solution that has significant capacity for growth.

Fatbeam is a leading provider of fiber connectivity to enterprise, healthcare, government and education customers in the Pacific Northwest.

The addition of Tek-Hut will expand Fatbeam’s geographical footprint and product offering, bolstering Fatbeam’s dominant market position and allowing for future growth.

SDC Capital Partners, LLC is a global digital infrastructure investment firm. SDC invests in data centers, fiber networks, wireless infrastructure and associated businesses, with a focus on opportunities to leverage its deep operational expertise in partnership with exceptional teams to create value.

Sector: Healthcare IT

AB Private Credit Investors (AB-PCI) leveraged its healthcare technology expertise to finance the strategic acquisition of Deerwalk Inc. by Cedar Gate Technologies (“Cedar Gate”). This is the second acquisition and credit facility upsize that AB-PCI has executed to support the growth of the GTCR-backed platform.

Deerwalk is a healthcare data analytics platform that helps manage health plan design and spend. Cedar Gate serves healthcare providers, payers and self-insured employers who are seeking to reduce healthcare costs and improve quality of care.

The combined Cedar Gate platform provides a suite of enterprise software solutions that enables provider and payer participation in value-based arrangements through the design, implementation, and administration of bundled payments and fully capitated contracts.

GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications, and Growth Business Services industries. The Chicago-based firm pioneered The Leaders Strategy™ finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $18 billion in over 200 companies.

Sector: Software

AB Private Credit Investors (AB-PCI) recently closed senior secured credit facilities to support Tailwind Capital’s acquisition of ArrowStream (the “Company”). AB-PCI was able to quickly deliver a flexible, fully underwritten solution as a result of its experience in structuring debt financings for software companies.

ArrowStream is the leader in supply-chain management software for the foodservice industry, enabling clients to capitalize on data to improve their supply-chain operations.

The Company’s innovative solutions address mission-critical challenges in brand protection, supply monitoring, profitability optimization and sales growth enablement across the foodservice supply chain, leveraging a single industry-wide data platform to provide unprecedented levels of transparency, control and actionable insight.

Tailwind Capital is a middle market private equity firm focused on growth-oriented investments in targeted sectors within industrials, technology and business services, and healthcare.

Sector: Business Services

AB Private Credit Investors (AB-PCI) served as Sole Lead Arranger and Administrative Agent for senior credit facilities to support a recapitalization of Global RADAR (DBA Global HR Research or “Global HR”) and its acquisition of Employment Screening Services (ESS). AB-PCI leveraged its expertise in financing technology-enabled business services to efficiently deliver a flexible financing solution.

Global HR and ESS provide background screening and drug-testing solutions.

Global HR is based in Fort Myers, Florida, and was originally founded in 2005. ESS is based in Birmingham, Alabama, and was founded in 1994. The combined company serves more than 5,000 clients and delivers industry-leading technology solutions across key sectors, including healthcare, transportation, energy, education, manufacturing, restaurants, and staffing.

Global HR is owned by Renovo Capital, a Texas-based private equity investment firm that invests in lower middle market specialty manufacturing and business services companies. Since its founding in 2009, Renovo has raised over $400 million in committed capital and completed more than 25 transactions.

Sector: Healthcare IT

On December 23, 2020, AB Private Credit Investors (AB-PCI) served as Sole Lead Arranger and Administrative Agent to senior secured credit facilities backing Brentwood Associates’ recapitalization of MedBridge.

MedBridge provides patient and provider engagement solutions to improve outcomes and support value-based care, staff retention, risk mitigation, and the patient experience across healthcare provider and payor organizations.

The company’s platform is widely used across multiple healthcare specialties, including physical therapy, occupational therapy, speech-language pathology and nursing.

Brentwood Associates is a Los Angeles-based private equity investment firm with a 30+ year history of investing in middle-market growth-oriented consumer and technology-enabled business services companies. Since 1984, Brentwood’s dedicated private equity team has invested in over 50 portfolio companies with an aggregate transaction value of over $6 billion.

Sector: Tech-Enabled Services

AB Private Credit Investors (“AB-PCI”) served as Joint Lead Arranger for senior secured credit facilities that supported The Jordan Company’s (“TJC”) acquisition of Spectrio. AB-PCI was able to quickly deliver a flexible financing solution as an incumbent lender with significant expertise financing tech-enabled services businesses.

Spectrio is a leading provider of technology-enabled customer engagement and content management solutions, including digital signage, interactive kiosks, on-hold marketing, on-premise messaging and music, and Wi-Fi marketing.

Spectrio's subscription-based model is underpinned by a large proprietary content library including more than 10,000 templates and more than 100,000 pieces of customized, vertical specific content delivered through a proprietary, cloud-based content management software platform that enables scalable, efficient deployment of brand-compliant content for its large, diverse and location-based clients.

TJC is a middle market private equity firm with original capital commitments in excess of $13 billion. TJC has a 39-year track record of investing in and contributing to the growth of many businesses across a wide range of industries, including industrials; transportation and logistics; healthcare and consumer; and telecom, technology and utility.

Sector: Healthcare IT

AB Private Credit Investors (AB-PCI) served as Lead Arranger and Administrative Agent for senior secured credit facilities that supported Accel-KKR’s acquisition of Surgical Information Systems (SIS). AB-PCI leveraged its healthcare and software expertise to efficiently deliver a flexible financing solution.

Based in Alpharetta, Georgia, SIS is the industry leader for business and clinical surgical software for ambulatory surgery centers (ASCs) and hospitals.

Founded in 1996, SIS provides business office management, clinical documentation and patient communications tools that meet the unique needs of ASCs. SIS is also a leading provider of anesthesia information management systems and perioperative solutions to hospitals and outpatient surgery departments.

​​​​​​​Accel-KKR is a technology-focused investment firm with $10 billion in capital commitments.

Sector: Software

AB Private Credit Investors (AB-PCI) acted as Sole Bookrunner and Administrative Agent for senior credit facilities to support a recapitalization of Lexipol. AB-PCI leveraged its software expertise to efficiently deliver a flexible financing solution.

Lexipol provides policy management, training solutions, learning management software and digital media content to public safety agencies. The company is based in Frisco, TX and was originally founded in 2003.

Lexipol is owned by The Riverside Company, a global private equity firm focused on acquiring and investing in growing businesses valued at up to $400 million.

Sector: Software

AB Private Credit Investors (AB-PCI), acting as Sole Lead Arranger, and Administrative Agent, leveraged its software expertise to deliver senior credit facilities in support of Cove Hill Partners’ strategic investment in SecureLink.

Based in Austin, TX, SecureLink is the leading provider of Vendor Privileged Access Management (“VPAM”) software which mitigates the risk of a third party caused data breach.

The SecureLink platform provides a single method for vendors and enterprises to connect securely with granular access controls and audit of all third party activity.

Sector: Healthcare

AB Private Credit Investors (AB-PCI) served as Joint Lead Arranger for senior secured credit facilities that supported WindRose Health Investors’ acquisition of Caregiver. AB-PCI leveraged its expertise and knowledge in the healthcare space to deliver financing certainty during a challenging market environment.

Based outside of Fort Worth, Texas, Caregiver is a provider of home- and community-based services to more than 3,000 individuals with intellectual and developmental disabilities across Indiana, Ohio, Tennessee, and Texas. The company’s primary services include group homes, intermediate care facilities, host homes, day habilitation programs and in-home support. Caregiver utilizes a broad range of behavior support therapies as well as nursing services to provide best-in-class care.

Founded in 2000, WindRose Health Investors is a New York-based middle market buyout and growth equity investor focused on the healthcare sector. WindRose currently manages $1.2 billion of capital and is investing out of its fifth fund.

Sector: Education / Training

AB Private Credit Investors (AB-PCI) acted as Joint Lead Arranger and Documentation Agent for senior secured credit facilities that supported Ridgemont Equity Partners' acquisition of American Safety Council (ASC). AB-PCI leveraged its expertise and knowledge in training, certification and online delivery models to efficiently deliver the flexible financing solution during a challenging market environment.

Based in Orlando, Florida, American Safety Council provides critical training and education to more than two million customers each year. ASC collaborates with federal and state agencies, higher learning institutions, trade associations and iconic industry brands to ensure the content of the company’s online courses is best-in-class and compliant with applicable laws, regulations and industry standards.

Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor. Since 1993, the principals of Ridgemont have invested approximately $4.4 billion. The firm focuses on equity investments up to $250 million in industries of which it has deep expertise, including business and industrial services, energy, healthcare, and technology and telecommunications.

Sector: Healthcare IT

AB Private Credit Investors (AB-PCI) leveraged its healthcare and IT expertise to deliver a unitranche credit facility to support the acquisition of Citra Health Solutions by Global Healthcare Alliance (GHA). Despite the challenging market environment, AB-PCI provided financing certainty in partnership with GTCR.

GHA’s proprietary claims adjudication technology, Axia, automates the conversion of fee-for-service claims into a single, bundled claim and facilitates and manages payments between payers and providers.

Citra’s software platform, EZ-CAP, automates and manages complex capitated payment arrangements between healthcare providers and payers. The combination of the businesses creates a scaled platform providing workflow solutions to healthcare organizations across the value-based reimbursement continuum.

GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. The Chicago-based firm pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $15 billion in over 200 companies.

Sector: Healthcare

On May 1, 2020, AB Private Credit Investors (AB-PCI) served as Documentation Agent and provided funding for a senior credit facility to back Altaris Capital Partners’ acquisition of Kindeva Drug Delivery. Kindeva is a carve-out of the 3M Drug Delivery Systems division. 3M is a diversified industrials conglomerate operating across multiple sectors, including consumer, telecommunications, security, healthcare and transportation.

Based outside of Saint Paul, Minnesota, Kindeva is a unique contract delivery and manufacturing organization focused on both drugs and their delivery devices, particularly inhalation, including asthma inhalers; transdermal, or patches that deliver drugs through the skin; and other systems. The company’s microneedle-based drug delivery platforms are currently being utilized in dozens of development programs, including programs for COVID-19 vaccines and other difficult-to-deliver therapies.

Sector: Digital Infrastructure & Services

AB Private Credit Investors (“AB-PCI”) acted as Sole Lead Arranger and Administrative Agent for an incremental second lien senior secured term loan to facilitate DataBank’s purchase of LightBound. LightBound is the third acquisition AB-PCI has helped DataBank, a portfolio company of Digital Bridge, complete since the original platform investment in 2016.

Founded in 2004 and based in Dallas, Texas, DataBank is a leading provider of enterprise-class data center, cloud, and connectivity services, offering customers 100% uptime availability of data, applications, and infrastructure. DataBank provides its suite of services in a truly hybrid model allowing enterprises to port workloads, technologies and even contract terms from data center to data center and from cloud to colocation, with compliance certifications to meet the most stringent demands.

Digital Infrastructure and Services, and the datacenter sub-segment, are a significant area of focus for AB-PCI. We have extensive history and deep knowledge demonstrated by our principals’ execution of financings including Contegix, Databank, DecisionOne, Flexential, Latisys, Pulsant, Q9, Single Digits, and ViaWest.

Digital Bridge maintains ownership interests in a broad range of communications infrastructure companies including datacenters, cellular and broadcasting towers, and rooftop and distributed antenna systems (DAS). It is dedicated to long-term value creation through the active management of its companies and strong alignment with its investor partners, which include leading institutions, corporations, endowments and family offices around the world.

Sector: Educational Software

AB Private Credit Investors™ (“AB-PCI”) recently closed senior secured credit facilities to support the Apax Digital Fund’s acquisition of MetaMetrics, Inc. AB-PCI was able to quickly deliver a flexible, fully underwritten solution as a result of its experience in structuring debt financings for educational technology companies.

MetaMetrics® is an award-winning education technology organization that offers the only scientifically valid, universal scales for measuring reading and listening (Lexile®) as well as math (Quantile®). For 35 years, MetaMetrics’ work has been increasingly recognized for its research-based approach to improving learning.

The Apax Digital Fund specializes in growth equity and buyout investments in high-growth enterprise software, consumer internet, and technology-enabled services companies worldwide.

Sector: Digital Infrastructure & Services

AB Private Credit Investors (“AB-PCI”) acted as Sole Lead Arranger and Administrative Agent for senior secured credit facilities to recapitalize Neutral Connect Networks (“NCN”), a portfolio company of M/C Partners. AB-PCI leveraged its proactive focus and prior experience in the wireless industry to quickly and efficiently deliver a flexible financing solution with significant capacity for growth.

Founded in 2016 and based in Duluth, Georgia, NCN is a leading provider of wireless communications networks (including in-building wireless, managed Wi-Fi and small cells) used by major service providers to improve the quality of coverage with increased throughput and capacity in buildings, at sports and entertainment venues, in parks, transportation hubs, and business shopping districts around the U.S.

Based in Boston, Massachusetts, M/C Partners is a private equity firm focused exclusively on the communications, information technology services and media sectors.

Sector: Software / Technology

AB Private Credit Investors (AB-PCI) acted as Sole Lead Arranger and Administrative Agent for senior secured credit facilities that supported Great Hill Partners’ acquisition of EDB Postgres (“EDB”). AB-PCI leveraged its expertise and knowledge in enterprise technology to quickly and efficiently deliver a flexible financing solution.

Founded in 2004, EDB delivers an open source-based data management platform, optimized for greater scalability, security, and reliability. EDB makes organizations smarter while reducing risk and complexity with enterprise-proven management tools, security enhancements and Oracle compatibility. EDB has over 4,000 customers worldwide that deploy diverse workloads including transaction processing, data warehousing, customer analytics and web-based applications, both on-premises and in the cloud.

Great Hill Partners is a Boston-based private equity firm that has raised over $7 billion in commitments since inception to finance the acquisition, recapitalization, or expansion of growth companies in a wide range of sectors in business-to-business and business-to-consumer industries including software, financial and healthcare technology, digital media, eCommerce, and internet infrastructure.

Sector: Digital Infrastructure

AB-PCI is proud to be a key capital provider to leading bandwidth infrastructure companies and we are delighted to welcome two new additions, SummitIG and Conterra Networks, to our portfolio. We appreciate the support of the SummitIG and Conterra management teams and look forward to financing the continued growth of these businesses.

SummitIG and Conterra are backed by leading private equity firms - SDC Capital Partners and Court Square Capital Partners, respectively. We are thankful for our strong relationship with these firms, the confidence they placed in us, and for their role in successfully completing these transactions.

Digital Infrastructure is a significant area of focus for AB-PCI. We have extensive history and deep knowledge in this sector demonstrated by our principals’ execution of financings which include:

+ Fiber/Broadband: Conterra, euNetworks, Fibertech, FirstLight, SummitIG, Unite Private Networks, Wilcon
+ Wireless: Extenet Systems, InSite Wireless, K2 Towers, Tower Development Corporation, Towerco, Towerpoint Capital
+ Data Centers/Managed Services: Contegix, Databank, DecisionOne, Flexential, Latisys, Pulsant, Q9, Single Digits, ViaWest

We look forward to assisting both new and existing relationships with their borrowing needs in the digital infrastructure industry.

Sector: Digital Infrastructure

AB-PCI is proud to be a key capital provider to leading bandwidth infrastructure companies and we are delighted to welcome two new additions, SummitIG and Conterra Networks, to our portfolio. We appreciate the support of the SummitIG and Conterra management teams and look forward to financing the continued growth of these businesses.

SummitIG and Conterra are backed by leading private equity firms - SDC Capital Partners and Court Square Capital Partners, respectively. We are thankful for our strong relationship with these firms, the confidence they placed in us, and for their role in successfully completing these transactions.

Digital Infrastructure is a significant area of focus for AB-PCI. We have extensive history and deep knowledge in this sector demonstrated by our principals’ execution of financings which include:

+ Fiber/Broadband: Conterra, euNetworks, Fibertech, FirstLight, SummitIG, Unite Private Networks, Wilcon
+ Wireless: Extenet Systems, InSite Wireless, K2 Towers, Tower Development Corporation, Towerco, Towerpoint Capital
+ Data Centers/Managed Services: Contegix, Databank, DecisionOne, Flexential, Latisys, Pulsant, Q9, Single Digits, ViaWest

We look forward to assisting both new and existing relationships with their borrowing needs in the digital infrastructure industry.

Sector: Healthcare

AB Private Credit Investors (AB-PCI) provided financing as a club lender to recapitalize Encore Rehabilitation, a portfolio company of Revelstoke Capital. Total commitments to the senior secured credit facilities were $226 million. AB-PCI leveraged its strong expertise and knowledge in the healthcare sector to quickly and efficiently deliver a flexible financing solution. Ally Corporate Finance acted as Administrative Agent on the transaction.

Founded in 2007, Encore Rehabilitation is a national independent provider of outsourced rehabilitation therapy services primarily to skilled nursing facilities across 30 states. Core service offerings include physical therapy, occupational therapy, speech therapy, respiratory therapy, pediatric school services, and facility support services.

Revelstoke Capital Partners is a Denver-based private equity firm founded in 2013 that has raised $1.25 billion of equity to date to make control investments in U.S. middle market companies with a focus on healthcare and related business services.

Sector: Healthcare

AB Private Credit Investors (“AB-PCI”) acted as administrative agent and sole lender for a senior credit facility supporting an affiliate of Sun Capital Partners’ acquisition of Delaware Valley Management Holdings, Inc. (d.b.a. “Simply Beautiful Smiles”). Simply Beautiful Smiles is a leading dental services organization. AB-PCI leveraged its experience and knowledge of the dental sector to quickly and efficiently deliver a flexible structure.

Simply Beautiful Smiles operates 20 locations in Pennsylvania and New Jersey, providing high quality general dentistry, hygiene, and specialty services.

Sun Capital, a global private equity firm, has invested in more than 365 companies worldwide with revenues of approximately $50 billion across a broad range of industries and transaction structures.

Sector: Software

AB Private Credit Investors™ (“AB-PCI”) recently closed a senior secured credit facility to refinance SirsiDynix, a portfolio company of ICV Partners. AB-PCI delivered a flexible, fully underwritten solution by utilizing its expertise in structuring transactions for software companies.

SirsiDynix is a provider of library management software to more than 23,000 libraries around the world. Through library management technology and search and discovery tools, libraries using SirsiDynix technology bring relevant resources and the power of knowledge to their users and communities.

Founded in 1998, ICV Partners is a leading private investment firm that supports management leaders of strong lower middle market companies. Over its four funds, the principals of ICV have crafted a strong track record of helping companies expand their footprint and improve performance over the long term and across a variety of industries.

Sector: Distribution

AB Private Credit Investors (“AB-PCI”) acted as administrative agent and sole lender of a senior credit facility to support the merger of Trade Supplies, LLC (“Trade Supplies”), a portfolio company of Sole Source Capital (“SSC”), and Individual FoodService (“IFS”). The combined company creates one of the largest non-perishable foodservice distributor and packaging solution providers in California. AB-PCI leveraged its expertise and knowledge in the foodservice distribution and restaurant end-market industries to quickly and efficiently deliver a flexible structure.

With over 130 years of combined operating history, the combined company will distribute eco-friendly and custom-branded packaging, paper and plastic disposables, unique catering items, food products, janitorial supplies, healthcare facility products and other foodservice smallwares and equipment to its more than 5,000 weekly customers, which include fast casual, family-owned and major chain restaurants, food processors, caterers, bakeries, schools, large public venues, hospitals, healthcare facilities and foodservice distributors.

Founded in 2016 by David Fredston and an experienced group of private equity professionals, Sole Source Capital is an operationally-focused lower-middle market investment firm that targets investments in manufacturing, distribution, and industrial service companies.

Sector: Healthcare IT

AB Private Credit Investors (AB-PCI) provided a unitranche credit facility to support GTCR-backed Cedar Gate Technologies, acquisition of Global Healthcare Alliance. AB-PCI leveraged its healthcare and IT expertise to deliver an efficient financing solution.

“As a leading provider of SaaS technology and technology-enabled services, GHA is attractively positioned to assist payors and providers in their transition to value-based care,” noted Patrick Fear, Managing Director of AB-PCI. “We are excited to partner with GTCR, and Dave Snow, Cedar Gate’s CEO, and look forward to supporting the Company’s future growth.”

GHA developed a proprietary SaaS claims adjudication technology, Axia™, that automates the conversion of fee-for-service claims into a single, bundled claim, and facilitates and manages payments between payors and providers. It enables healthcare entities to successfully manage prospective bundled payment programs for multiple clinical specialties. GHA has processed over 2.25 million distinct bundles since inception

GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries. The Chicago-based firm pioneered The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $15 billion in over 200 companies.

Sector: Restaurants and Franchising

AB Private Credit Investors (AB-PCI) acted as administrative agent and sole lead arranger of a $53.5 million senior credit facility to recapitalize Tropical Smoothie Café, a portfolio company of 10 Point Capital. AB-PCI leveraged its strong expertise and knowledge in the restaurant and franchising industries to quickly and efficiently deliver a flexible senior credit facility. Comvest Credit Partners acted as Documentation Agent on the transaction.

Bob Bielinski, Managing Director of AB-PCI, said, “It’s exciting to partner with strong, growing brands like Tropical Smoothie Café and strategic equity partners like 10 Point. 10 Point has assembled a world class management team to continue to build on the strong momentum in the business.”

Scott Pressly, Managing Partner of 10 Point, said, “AB-PCI utilized its industry expertise to understand our business and its financing needs, and they delivered a flexible financing structure that met those needs.”

Founded in 1997, Tropical Smoothie Café franchises a chain of 712 fast casual restaurants in 43 states serving signature smoothies, sandwiches, flat breads and salads and is the third largest smoothie concept restaurant in the country.

10 Point Capital is an independent private equity firm located in Atlanta, GA. 10 Point has a 20+ year proven track record of accelerating growth and profitability for multi-unit and franchise brands.

Sector: Software & Services

AB Private Credit Investors™ (“AB-PCI”) recently closed a unitranche credit facility to recapitalize Veriforce, a portfolio company of Greenridge Investment Partners. AB-PCI delivered a flexible structure by utilizing its expertise in structuring transactions for high growth software providers.

Veriforce is a leader in regulatory compliance and contractor management solutions for oil and gas companies. Their services include: Operator Qualification (OQ), drug & alcohol testing, computer based training, and contractor safety management. They are the only OQ service provider that verifies, audits, and has complete documentation for all the necessary compliance records.

Greenridge Investment Partners is a private equity firm located in Austin, TX. Greenridge invests in leading middle-market businesses with attractive growth characteristics and proven track records of profitability.

Sector: Healthcare

AB Private Credit Investors (AB-PCI) provided a $100 million commitment to a unitranche credit facility supporting Altaris Capital Partners’ acquisition of Analogic Corporation (NYSE: ALOG). AB-PCI leveraged its healthcare expertise to effectively deliver a meaningful commitment to the financing facility.

“As a market leader with a history of technological innovation and a high-quality reputation, Analogic is attractively positioned in the medical and security imaging space,” noted Jay Ramakrishnan, Managing Director of AB-PCI. “We are excited to partner with Altaris, Analogic’s management team, and MidCap Financial as agent, and look forward to supporting the Company’s future growth.”

Analogic provides leading-edge healthcare and security technology solutions to advance the practice of medicine and save lives. Analogic is recognized around the world for advanced imaging and real-time guidance technologies used for disease diagnosis and treatment as well as for automated threat detection.

Altaris Capital Partners is an investment firm focused on the healthcare industry. Altaris actively manages $2.4 billion of equity capital and invests in businesses that deliver value to the healthcare system by improving patient outcomes, eliminating unnecessary costs, increasing efficiency and aligning stakeholder incentives. Since inception in 2003, Altaris has made 35 platform investments and has worked closely and collaboratively with the management teams of its portfolio companies to support growth and capital appreciation.

Sector: Software

AB Private Credit Investors (AB-PCI) acted as Administrative Agent and Sole Lender for a senior secured credit facility to support SFW Capital Partners’ acquisition of Swiftpage.

Swiftpage, with operations in Denver, CO, Scottsdale, AZ, and Newcastle, UK, is a leading provider of software and services that help small and mid-sized businesses grow. Swiftpage is the maker of Act!, the pioneer and an innovator in the CRM space, serving over 500,000 users in over 100 countries. The award winning solution makes it easy for small businesses to grow with powerful sales and marketing tools and a flexible CRM platform.

SFW Capital Partners is a specialized private equity firm that invests in mid-sized companies across the information value chain, with a particular focus on information, software, and analytical instrumentation, a sector that the principals of SFW have invested in for over 20 years. SFW’s businesses manage and provide information, analytics, and workflow solutions that support critical decision-making and knowledge transfer processes across all major industries and business functions.

Sector: Software

AB Private Credit Investors (AB-PCI) acted as Joint Lead Arranger and Documentation Agent for a unitranche credit facility to support Welsh, Carson, Anderson, and Stowe (WCAS) and Technology Crossover Venture’s (TCV) acquisition of Avetta.

Avetta provides cloud-based supply chain risk management software that allows enterprises to more effectively manage and qualify service providers performing activities across their global operating sites. The company’s platform connects over 220 enterprise clients to over 55,000 service providers across 100 countries.

WCAS focuses its investment activity in two target industries: technology and healthcare. Since its founding in 1979, WCAS has organized 16 limited partnerships with total capital of over $22 billion.

Sector: Healthcare

AB Private Credit Investors (“AB-PCI”) provided a $75,000,000 senior secured credit facility to support multiple add-on acquisitions and future growth capital initiatives by Pinnacle Dermatology, a portfolio company of Chicago Pacific Founders.

AB-PCI leveraged its experience and knowledge of healthcare practice management and multi-site businesses to deliver a facility tailored to meet the specific demands of the platform, including availability for significant further add-on and de novo growth.

Pinnacle Dermatology delivers a comprehensive suite of medical, surgical, cosmetic and pathology lab services to patients throughout the Midwest. Pinnacle’s shared services infrastructure supports each acquired and de novo practice with operational, revenue cycle management and marketing services to maximize the patient experience.

Chicago Pacific Founders is a leading middle market private equity firm exclusively focused on investments in the healthcare services sector.

Sector: Software

AB Private Credit Investors (AB-PCI) acted as Sole Lead Arranger and Administrative Agent for a unitranche credit facility supporting Leeds Equity Partners’ acquisition of Exterro. AB-PCI leveraged its considerable experience in investing in technology businesses serving the legal and professional services end markets to deliver a unique financing solution.

Exterro is a leading provider of e-discovery software designed for legal and IT teams at Global 2000 and AmLaw 200 organizations. Exterro's e-discovery and information governance software integrates with existing IT, HR and legal systems to deliver complete visibility into all critical data required for managing information assets more efficiently.

Leeds Equity Partners is a sector-focused private equity firm dedicated exclusively to partnering with management teams in the education, training, software and information services industries. Leeds has invested over $2.6B of capital across its portfolio companies in its twenty-year history.