FinTech Acquisition entered into an agreement to acquire CardConnect. In support of the transaction, BMO Harris Bank provided a $100 million financing and Babson Capital provided $40 million.
Babson Capital Management led the term loan B issuance in a $135 million credit facility to Cambium Learning, a wholly owned subsidiary of Cambium Learning Group, which is majority-owned by Veronis Suhler Stevenson.
Babson Capital provided subordinated debt and made an equity investment to support Blue Point Capital Partners’ acquisition of Handi Quilter.
Babson Capital Management acted as a mandated lead arranger of financing to support European private equity investor Bridgepoint’s acquisition of eFront.
Babson Capital added nine members to its U.S. retail sales group, completing a team expansion that began in the fall of 2013.
Babson Capital Management provided subordinated debt and made an equity investment to support Silver Oak Services Partners’ acquisition of The Tranzonic Cos. Babson was the sole provider of subordinated debt.
Private equity firm High Road Capital said it completed the acquisition of The Crown Group with financing provided by U.S. Bank and Babson Capital Management.
Babson Capital Management provided subordinated debt and made an equity co-investment to support Linsalata Capital Partners’ acquisition of Signature Systems Group, a designer of flooring surfaces, industrial matting and related ground protection products.