Barings, an investment manager, served as lead agent for a senior secured facility to support private investment firm Ethos Capital’s investment in Newforma. Headquartered in Boston, MA, Newforma is a collaboration platform helping companies deliver complex architectural, engineering and construction projects more efficiently and cost-effectively.
“Newforma provides Ethos Capital with a unique opportunity to invest in a market-leading technology platform to meet the continually evolving needs of architecture, engineering and construction customers,” Erik Brooks, founder and co-CEO of Ethos Capital, said. “We are grateful to have the support of Barings, which has the capacity to support Newforma’s future growth initiatives and was able to provide financing certainty throughout the transaction. Barings has continued to be a valued partner to Ethos Capital.”
“Barings deeply values our relationship with Ethos Capital and appreciates the opportunity to support the investment in Newforma,” Max McEwen, managing director in Barings’ North American Private Finance Group, said. “Newforma maintains a unique and innovative technology platform through its project information management and building information modeling collaboration solutions. We are confident that Ethos Capital will help accelerate Newforma’s growth trajectory through Ethos Capital’s deep sector-specific operating expertise and dedicated executive partner relationships.”
