Tree Line Capital Partners, a direct lender focused on the lower middle market, served as lead arranger for a unitranche credit facility to support Turn/River Capital’s formation of PairSoft through the merger of PaperSave and Paramount WorkPlace.
PaperSave and WorkPlace provide management solutions for middle market and enterprise customers, with integration to Microsoft Dynamics, Blackbaud, Oracle, SAP, Acumatica and Sage ERPs.
“We appreciated Tree Line’s support throughout the PairSoft deal process” Joanne Yuan, principal at Turn/River Capital, said. “Tree Line’s flexible approach enabled us to close the two transactions quickly. We are excited to continue expanding our relationship with Tree Line.”
“The investment in PairSoft highlights Tree Line’s ability to provide a flexible and efficient closing process. Tree Line is thrilled to have the opportunity to partner with Turn/River Capital and PairSoft,” Grant Saunders, vice president of Tree Line, said.
Tree Line is a private credit asset management firm focused on direct lending to the lower middle market.