Daily News: July 17, 2017

Barings Supports Pamlico Capital Investment in Becker’s Healthcare


Barings served as administrative agent for a senior secured credit facility supporting Pamlico Capital’s investment in Becker’s Healthcare.

Becker’s Healthcare, based in Chicago, is a source of business information for hospital operators and other leaders in the healthcare sector.

“We selected Barings to agent the transaction based upon our strong relationship with their team and our confidence in their ability to execute on a tight timeline,” said Jay Henry, vice president at Pamlico Capital. “Throughout the course of this transaction, we were impressed with Barings’ ability to focus on the most critical diligence items, which allowed for us to work quickly and efficiently toward closing.”

“Barings greatly appreciates the opportunity to partner with the Pamlico team on its investment in Becker’s Healthcare, which represents our third investment with their firm in the last two years,” said Justin Lay, managing director in Barings’ North American Private Finance Group. “Becker’s has established itself as the go-to source for intelligence in an industry where rapid change is driving an ever greater need for information, and has found an ideal partner in Pamlico who brings expertise in both healthcare and business information services.”

Pamlico Capital is a private equity firm founded in 1988 that invests in lower middle-market companies in the U.S. via growth equity and buyout investments of up to $100 million.

Barings is a $288 billion global asset management firm.