AB Private Credit InvestorsTM ("AB-PCI") recently closed a $45 million unitranche credit facility to support JMI Equity's investment in Arena Solutions. AB-PCI delivered a customized, fully underwritten financing solution by utilizing its software industry expertise and structuring flexibility.
Arena is a leader in SaaS applications for the product development market, particularly in the technology, electronics, and life sciences verticals. Arena pioneered a cloud-based, all-in-one product development platform that unites product lifecycle management, application lifecycle management, supply chain collaboration and quality management systems.
JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 130 businesses in its target markets, successfully completed over 85 exits, and raised more than $3.0 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders.
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This announcement is not a recommendation of, or offer to buy or sell any security or financial instrument.