VPC Provides Credit Facility to Construction Data Company
Victory Park Capital (VPC) announced that it has provided a $9.5 million credit facility to Construction Data Company, a portfolio company of Alta Communications.
The facility refinanced CDC’s outstanding debt and provides the Company with working capital. CDC’s searchable web-based platform provides real-time data on commercial and multi-family construction projects. As a lead service, CDC’s proprietary business development data enables architects, engineers, contractors, suppliers and other construction industry professionals to better position their companies before they enter the bidding process in the markets they serve.
“We are very excited to partner with CDC and Alta,” said VPC principal, Thomas Affolter. “CDC’s product has proven to be a valuable resource to its broad client base. We look forward to working with CDC’s experienced management team to further expand its platform.”
CDC is an information service provider offering commercial construction subcontractors and general contractors proprietary business development data related to commercial construction projects in local area markets.