Terms of the transaction, handled by Crescent’s European Specialty Lending group, were not disclosed.
One of the largest global medical animation producers, Random42 provides medical animation and digital media services to the healthcare and pharmaceutical industry. It has expertise in 2D and 3D animation, Virtual and Augmented Reality production, interactive services and mobile application development.
“We are very pleased to be able to support Random42, a world-class company in a rapidly growing and exciting industry,” said Christine Vanden Beukel, managing director and head of Crescent’s European Specialty Lending strategy. “Together with the company’s partnership with Graphite, our financing will allow Random42 to enter its next phase of development and further expand into adjacent verticals.”
Crescent Capital Group is headquartered in Los Angeles with offices in Boston, London and New York.
Graphite is a provider of private equity finance to mid-market companies in the UK.