Unitranche Credit Facility

Sole Lead Arranger and Sole Bookrunner, Admin Agent | March 2022

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. 

Contact Us

Brent Humphries

President and Founding Member

Jay Ramakrishnan

Managing Director, Head of Originations and Founding Member

Shishir Agrawal

Managing Director and Founding Member

Anand Kalola, CFA


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