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.
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This announcement is not a recommendation of, or offer to buy or sell any security or financial instrument.