AB Private Credit Investors ("AB-PCI") recently closed on a unitranche credit facility to support Clearlake Capital Group's acquisition of NetDocuments. AB-PCI was able to quickly deliver a fully underwritten financing solution by utilizing its software industry expertise and structuring flexibility.
Behdad Eghbali, Managing Partner at Clearlake Capital Group, commented "AB-PCI's experience in financing high-growth software businesses and its ability to deliver a fully underwritten solution allows us to position NetDocuments to become an industry consolidator. Going forward, the credit facility provides the Company the flexibility to maintain growth and create value."
"NetDocuments is uniquely positioned in the legal document management space to capitalize on favorable industry trends," noted Drew Miller, Director of AB-PCI. "We are excited to partner with Clearlake and look forward to helping the Company continue its strong growth."
About Company: NetDocuments is a provider of cloud-based document management solutions for the legal industry, serving both law firms and corporate legal departments.
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