Prospect Capital funded a $55 million first lien senior secured floating rate term loan to support the acquisition of Enseo Holdings by an affiliate of H.I.G. Capital.
Enseo is a provider of customer experience management technology in the U.S., offering solutions in hospitality, senior living, education and healthcare. Located in Plano, TX, Enseo has been engineering hardware and software solutions for 21 years that deliver in-room entertainment, managed WiFi, smart room automation and energy management, and a suite of health and safety solutions, including MadeSafe, an employee emergency alert system, and touchless technology.
“We are once again pleased to engage with the Prospect team, which deployed its diligent approach of providing a creative and flexible financing solution for the Enseo investment,” Todd Ofenloch, managing director of H.I.G. Capital, said. “This transaction constitutes our 31st financing with Prospect.”
“Our assessment of Enseo’s customer-centric solutions validated Enseo as a leader versus competitive offerings in the hospitality sector,” Jason Wilson, a managing director at Prospect Capital, said. “Our work also demonstrated the positive application of Enseo’s technology solutions to enhance both guest experience quality and employee safety in the hospitality, senior living, education and multifamily residential sectors.”