Barings served as agent, sole lead arranger and sole bookrunner in a senior secured credit facility supporting Sentinel Capital Partners’ recapitalization of portfolio company Total Military Management (TMM).
Jacksonville, FL-based TMM is a technology-enabled, asset-light provider of household relocation services to U.S. military and government personnel.
“Barings has become a valuable partner to Sentinel, with TMM representing the fourth transaction we have closed together since December,” said Scott Perry, a partner at Sentinel. “Barings’ in-depth understanding of TMM’s business model and ability to hold the entire facility made this a seamless execution.”
“Barings appreciates the opportunity to partner with Sentinel and TMM on this recapitalization,” said Justin Lay, a managing director in Barings’ Global Private Finance Group. “As the market leading relocation services provider to the U.S. military, TMM is well-positioned to enter its next phase of growth and we look forward to supporting Sentinel and the company as they continue to execute on their strategy.”
With more than 600 investment professionals, including more than 70 dedicated solely to private finance, Barings leverages its global presence and local expertise to source private credit investments in developed markets worldwide.