Affiliates of Stellus Capital Management participated in providing senior debt financing and an equity co-investment in support of Catchment Capital’s investment in Fidus Systems, a provider of advanced electronic and embedded system design services.
Robby Berner, partner at Catchment, said, “We believe Fidus is well-positioned to benefit from exceptionally attractive secular and macro growth drivers, including increases in market-wide outsourcing of high-complexity design services, utilization of artificial intelligence at the edge, increases in processing power and speed required for advanced electronics and demand for aerospace, defense and space electronics. We appreciate Stellus’ partnership throughout the transaction process.”
Doug Bollermann, managing director at Stellus, added, “We are excited about the opportunity to partner with Catchment on its inaugural investment. We believe the company’s strong reputation, coupled with Catchment’s support, will accelerate its growth trajectory and position it well to capitalize on industry growth trends.”
