Sector: Communications / IT Infrastructure and Services
AB Private Credit InvestorsTM ("AB-PCI") recently closed on a unitranche credit facility to support Strattam Capital and its portfolio company, Contegix(r), in the acquisition of BlackMesh, a managed IT services provider specializing in web content management application hosting and secure compliance solutions. AB-PCI quickly and efficiently delivered a fully underwritten financing solution by utilizing its industry expertise and structuring flexibility.
Adrian Polak, Co-Founder and Managing Partner at Strattam Capital, commented: "AB-PCI's experience in financing data center, application hosting and related IT services businesses was really valuable during this transaction. They embraced Contegix's value proposition and executed efficiently and quickly to deliver a fully underwritten solution. We look forward to continue scaling Contegix with support from AB-PCI's flexible and sizeable capital base."
"Contegix is uniquely positioned in the application lifecycle management space with cloud and hybrid offerings to capitalize on favorable industry trends," noted Patrick Fear, Managing Director of AB-PCI. "We are excited to partner with Strattam and Contegix and look forward to helping the Company continue its strong growth."
About Contegix: Contegix(r) provides cloud, application lifecycle management, infrastructure and managed services to all markets from start-ups to enterprises.
All rights reserved. AB Private Credit Investors is a trademark of AllianceBernstein L.P. and its affiliates. The [A/B] logo is a service mark of AllianceBernstein and AllianceBernstein® is a registered trademark used by permission of the owner, AllianceBernstein L.P.
This announcement is not a recommendation of, or offer to buy or sell any security or financial instrument.