Daily News: March 17, 2015

Babson Finances Bridgepoint’s eFront Buy

Babson Capital Management announced it acted as a mandated lead arranger of financing to support European private equity investor Bridgepoint’s acquisition of French financial industry software provider eFront.

Babson co-arranged the debt financing in support of the acquisition alongside a group of banks. Accounts managed by Babson, one of the largest managers of leveraged loans in Europe, participated in the term debt portion of the transaction, which also included a revolving credit facility and a capexacquisition facility.

“Babson greatly values our longstanding relationship with Bridgepoint and we are pleased to provide support for the investment in eFront,” said David Wilmot, managing director at Babson. “We are excited about the strength of eFront’s business model, its unique positioning with private equity sponsors and alternative investments managers, and its ability to provide customized solutions that create a highly loyal customer base. We are confident that Bridgepoint’s financial and operational support will help the company reach its potential to deliver robust revenue and profit growth.”

Headquartered in France, eFront provides solutions dedicated to the financial services industry, specializing in enterprise risk management and alternative investments.

Bridgepoint is an international private equity group.