- An independent sponsor partnered with a highly specialized IT services firm to create an IT services platform through acquisition of 8 individual target companies.
- Considering the unique credit story, CAPX approached a number of direct lenders with a $80MM Delayed Draw structure that could be used over a period of 18 months to build the platform.
- IS selected a lender to execute a $70MM financing which would provide flexibility to make acquisitions on an ongoing basis.