Barings served as joint lead arranger and NXT Capital was administrative agent for a senior credit facility supporting Ridgemont Equity Partners’ acquisition of HemaSource.
HemaSource, headquartered in West Jordan, UT, is a technology-enabled distributor of consumable medical products to plasma collection centers. The company utilizes a proprietary cloud-based inventory management and business intelligence software solution to help its customers gain supply chain efficiencies and decrease plasma collection costs.
“Barings’ institutional knowledge of lending in both the healthcare and value-added distribution industries, as well as their ability to move quickly on a tight timeline, were critical factors in selecting them as a joint lead arranger,” said Scott Poole, partner at Ridgemont Equity Partners. “As we look to continue HemaSource’s strong track record of organic growth, as well as supplement that with selective acquisitions, we are glad to have the support of Barings and our other financing partners.”
Ridgemont Equity Partners is a Charlotte-based middle market buyout and growth equity investor.
Barings is a global financial services firm.