Oxford Finance closed a senior credit facility for Unitek Learning, a portfolio company of Cressey & Company. Oxford served as the sole lender and administrative agent on the transaction.
The funds will be used for the acquisitions of Utah-based Eagle Gate College and Provo College and to support future growth initiatives.
Founded in 1992 and based in Fremont, CA, Unitek, provides post-secondary nursing and allied health education and short-term EMT training.
“Oxford is excited to partner with Unitek and support its mission to help students launch and accelerate their careers in the healthcare industry,” said Tracy Maziek, managing director at Oxford. “The Unitek team has built one of the foremost healthcare-focused learning institutions with dedicated faculty and impressive student outcome metrics.”
“We chose to work with Oxford because of their excellent reputation and deep knowledge of the healthcare sector,” said Janis Paulson, Unitek CEO. “Their team was responsive and met our timing deadlines.”
“We are pleased to complete our first transaction with Oxford,” added Merrick Axel, partner at Cressey. “They were able to provide a flexible capital solution and will be a supportive partner as Unitek continues to grow and deliver high quality healthcare educational programs.”
Oxford Finance is a specialty finance firm which provides senior secured loans to public and private life sciences and healthcare services companies worldwide.
