Tree Line Capital Partners and CVC Credit Partners increased their existing term loan to $127.3 million for Ingenio to support an add-on acquisition. Tree Line served as administrative agent and lead arranger on the transaction.
“We have enjoyed building a lasting relationship with the Tree Line and CVC Credit teams across several transactions,” Warren Heffelfinger, CEO at Ingenio, said. “They have reliably answered the call when it has come to additional capacity for add-on acquisitions coupled with a creative approach to tailoring debt structures to a transaction’s requirements.”
“We have been extremely pleased with Ingenio’s strong performance and the long-term partnership we’ve built since 2015,” Frank Cupido, partner of Tree Line, said. “Our relationship with Ingenio is a great example of our ability to grow with a borrower from initial platform acquisition through various stages of growth and capital needs, including acquisitions, recapitalizations and other flexible financings. Warren and the team have built a best in class organization and we look forward to working with them in the years ahead.”
Tree Line is a private credit asset management firm focused on direct lending to the lower middle market.
CVC Credit Partners is the credit management business of CVC and is a global credit asset manager with offices in the U.S. and Europe, more than 60 investment professionals and $26 billion of assets under management.
Editor’s Note: The original headline for this post incorrectly spelled Ingenio. The error has been corrected. ABF Journal apologizes for the error.
