Women-owned private credit and structured equity firm Avante Capital Partners completed a unitranche debt investment in Power Digital to support a portfolio company’s refinancing by Periscope Equity, a Chicago-based private equity firm focused on technology sectors.
Power Digital is a San Diego-based technology-enabled performance-based marketing company that provides customer acquisition, sales and marketing services to brands.
“We are thrilled to have Avante’s ongoing support as the platform continues its impressive organic growth trajectory and develops its proprietary technology solution SPRnova,” John Findlay, a partner at Periscope Equity, said. “Avante’s flexibility, value-add and ease of execution reinforces our conviction that they are an ideal partner for us.”
“We are thrilled to continue our partnership with Periscope Equity and Power Digital Marketing’s CEO, Grayson Lafrenz. We have witnessed the company’s robust growth since our initial investment in 2019 and we look forward to supporting the platform’s continued success,” Ivelisse Simon, managing partner at Avante Capital Partners, said.
