Crystal Financial closed a senior credit facility for Computer Data Source (CDS). An accordion facility was also provided.
CDS is a specialist provider of enterprise-level data center third-party maintenance, focused on high-end data storage. With global service capabilities and more than 500 contracts, CDS provides sophisticated engineering capabilities and client-centric focused solutions. _x000D_
New State Capital Partners acquired a majority stake in CDS in August 2019. The financing was utilized to complete the acquisition and will also provide for future working capital needs as well as facilitate potential add-on acquisitions.
“CDS represented an excellent opportunity for us to invest in the IT life-cycle management sector specifically third-party maintenance,” said John Beauclair, senior principal at New State Capital Partners. “The transaction needed to close quickly and required a lender with the ability to navigate the complexities of global operations in addition to understanding the technical drivers of CDS’ business model. Crystal is a reliable financing partner and we are pleased to be working with them on this investment.”
New State Capital Partners is an entrepreneurial-minded private equity firm.
