Brightwood Capital Advisors, a private credit firm, provided financing to support the purchase of Proficium by Mill Point Capital. Financial terms of the transaction were not disclosed.
“Next generation technologies have become integral to the growth of our economy across industries, and Proficium allows businesses at the forefront of these innovations to efficiently deliver custom solutions amid the rapidly shifting landscape,” Sengal Selassie, CEO and managing partner of Brightwood Capital, said. “Investing in progressive technology is crucial to remaining competitive in today’s environment, and we are pleased to support MPC in their partnership with the company.”
“Our partnership with Brightwood and the firm’s deep knowledge of the technology industry have allowed us to confidently enter this next phase with Proficium,” Richard Summers, partner at Mill Point Capital, said. “We look forward to continuing to build our relationship with Brightwood, as Proficium continues to grow and expand.”
