Daily News: February 13, 2015

Babson Agents Facilities for Accruent’s Acquisition of VFA

Babson Capital Management announced it agented senior secured credit facilities to support Accruent’s acquisition of VFA Inc. The deal included a revolving credit facility and a term loan facility.

The acquisition enables Accruent, a provider of cloud-based SaaS real estate and facilities management solutions, to provide customers with integrated management of facilities operating and capital budgets.

Accruent is majority owned by private equity firm TA Associates, and this is the third transaction where Babson has partnered with TA Associates on investments in the company.