Babson Capital Management announced it provided $10.5 million of subordinated debt and $1.1 million of equity to support the combination of Dantom Systems and PSC Info Group.
Babson Capital served as the lead provider of subordinated debt on the transaction. The add-on financing follows Babson Capital’s initial investment of $16 million of subordinated debt and $2 million of equity to support Compass Investment Partners’ October 2011 acquisition of Dantom Systems.
The newly combined company will be named RevSpring and will be a market leader with the scale and national footprint to serve a growing customer base.
Wixom, MI-based Dantom is a provider of outsourced document management services and customized data solutions to the accounts receivable management and revenue cycle management industries, with customers across the healthcare, financial services, home services and other end markets.
Springfield, MA-based Babson Capital Management and its subsidiaries serve institutional investors around the globe and have $149 billion in assets under management as of June 30, 2012.