Secured Research | Equipment Finance Originator | Monitor | Monitor Suite | Converge | STRIPES Leadership
No Result
View All Result
ABF Journal
Forward for Specialty Finance
SUBSCRIBE
Lender & Services Directory
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
  • News
    • People
    • Economy
    • All News
  • Deals
  • Magazine
    • Magazine Issues
    • Nominations
  • Features
  • Recruiting
  • Events
  • Advertise
  • Contact Us
No Result
View All Result
ABF Journal
No Result
View All Result
Home Deal Announcements

CIBC Innovation Banking Provides Senior Credit Facilities to Parsec Automation

byIan Koplin
November 29, 2023
in Deal Announcements

CIBC Innovation Banking provided senior credit facilities to support BVP Forge’s investment and fund the recapitalization of Parsec Automation, a manufacturing operations management software platform.

Parsec Automation helps manufacturing companies optimize manufacturing processes, maximize asset utilization and reduce lead times. Its software is used in thousands of factories across automotive, life sciences, packaged goods and other verticals in more than 130 countries.

“We are pleased to work with CIBC Innovation Banking, a team that shares our commitment to innovation and excellence,” Eddy Azad, founder and CEO of Parsec Automation, said. “Our TrakSYS MES software is at the forefront of driving significant advancements in manufacturing operations, quality and sustainability. The dynamic and high-growth nature of our business requires a solid banking partner that understands our needs and can provide the necessary support to propel us forward. We look forward to achieving great success together.”

“We are excited to work with Parsec Automation and support its mission of simplifying manufacturing operations, especially as manufacturers around the world focus on digitalization,” Youssef Kabbani, executive director of CIBC Innovation Banking, said. “We look forward to working with Parsec Automation as well as BVP Forge as they continue to expand their platform globally.”

Previous Post

Great Elm Capital Extends Revolving Credit Facility with City National Bank

Next Post

Gateway Trade Funding Provides $1MM PO Facility to Vitamin Supplement Company

Related Posts

Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Encina Private Credit Provides $50MM First-Out Commitment for Management-Owned Company

May 11, 2026
Deal Announcements

McGrath Completes $725MM Financing with Bank Syndicate

May 11, 2026
Advanced Power Closes $100M Corporate Credit Facility
Deal Announcements

Ripple Prime Secures $200MM Debt Facility from Neuberger Specialty Finance

May 11, 2026
Deal Announcements

Sezzle Secures $300MM Credit Facility with Mesirow Alternative Credit

May 11, 2026
Deal Announcements

Wells Fargo Amends and Extends Guitar Center’s Asset-Based Lending Facility

May 11, 2026
Deal Announcements

Culain Capital Provides $5MM Working Capital Facility to National Frozen Produce Company

May 11, 2026
Next Post

Gateway Trade Funding Provides $1MM PO Facility to Vitamin Supplement Company

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Liability Management Exercises (LMEs): The “Drop-Down” and “Uptier” Playbook Reshaping Distressed Middle Market Credit

Cross-Border Capital Flows in Middle Market Private Credit

April 13, 2026

Software Lending and the Recurring Revenue Premium

May 8, 2026

When Structure Becomes Strategy

May 5, 2026

The Rise of Layered Capital Structures in Middle Market Finance

April 19, 2026

About Us

For over 50 years, RAM Holdings’ brands have led the commercial finance industry in publishing, talent development, research and events. ABF Journal’s audience is comprised of as many as 18,000 specialty finance industry executives, private equity investors, investment bankers, advisors, service providers and more.

Our Brands

  • Secured Research
  • Equipment Finance Originator
  • Monitor
  • Monitor Suite
  • Converge
  • STRIPES Leadership

 

Learn More

  • Advertise
  • Magazine
  • Contact Us

Newsletter

Driving specialty finance forward for decades with insights, recognition and deals. Sign up now.

SUBSCRIBE >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
    • People
    • Economy
    • All News
  • Deals
  • Features
  • Magazine
    • Magazine Issues
    • Nominations
  • Events
  • Advertise
  • Contact Us
Provider Directory >>

© 2025 RAM Group Holdings - A Leading Commercial Finance Publishing Group For Over 50 Years