Fifth Street Asset Management served as joint lead arranger and joint lead bookrunner for a first lien credit facility to support GTCR’s acquisition of Lytx.
“We are pleased to support our long-standing partner, GTCR, on the acquisition of Lytx – the leading provider of video telematics solutions that deliver identifiable and significant returns on investment to its customers,” noted Sunny K. Khorana, managing director, head of Sponsor Coverage at Fifth Street.
San Diego-based Lytx provides video-based safety solutions for commercial and public sector fleets, helping to improve driver behavior and reduce collisions and collision-related expenses. The financing facility included investments from both Fifth Street Finance and Fifth Street Senior Floating Rate.
Lytx is the 10th financing that Fifth Street has completed in support of GTCR, a Chicago-based private equity firm focused on investing in growth companies.