Prospect Capital purchased $75 million of first lien senior secured floating rate notes and $5 million of revolving credit issued to support the acquisition of Eze Castle Integration by affiliates of H.I.G. Capital.
Founded in 1995 and headquartered in Boston, ECI provides managed services and technology solutions to the alternative investment manager and other end user industry markets, with a focus on the high-end technology requirements of its clients. Its product and service offerings include private and hybrid cloud solutions, technology consulting, outsourced IT support, cybersecurity, business protection, private connectivity and telecommunications.
“We appreciate the creativity and certainty Prospect provided through its flexible, one-stop capital solution,” said Caroline Kung, principal of H.I.G. “We look forward to continuing our strong relationship with the Prospect team.”
“ECI’s innovative cloud products, broad array of partnerships with leading technology providers and recurring solutions for ECI’s long-tenured clients represent differentiating investment attributes for Prospect in the information technology sector,” said Jason Wilson, managing director of Prospect Capital. “We look forward to supporting ECI’s strong momentum as well as ECI’s multi-pronged growth initiatives contemplated under H.I.G.’s ownership.”
