Audax Private Debt served as administrative agent and lead arranger on a unitranche credit facility to support CIVC Partners’ investment in InnovateMR.
Headquartered in Calabasas, CA, InnovateMR is a provider of tech-enabled survey and sampling services to market research agencies, consulting firms and corporations.
“As a leader in the research and insights industry that consistently provides clients with high quality data and speed of service, we believe that InnovateMR has demonstrated that it is poised for growth and continued success,” Peter Stern, managing director at Audax Private Debt, said. “Now, more than ever, clients are demanding and heavily relying upon the innovative and next-generation products and services that InnovateMR is delivering, a trend that we expect to continue. We are thrilled to partner with CIVC and the InnovateMR team to support the company in this exciting next chapter.”
“Audax Private Debt has been a reliable and engaged financing partner for us,” Doug Potters, partner at CIVC Partners, said. “We see a tremendous amount of opportunity and potential to help the company scale and take it to the next level. We look forward to working with both the Audax and InnovateMR teams as we continue to grow the company’s platform, including further enhancing its already robust full managed-service offerings.”
