Morgan Stanley Private Credit served as co-lead arranger on junior capital securities for Caltius Equity Partners‘ portfolio company, Talent Systems, to refinance existing debt and support the company’s acquisition of Spotlight Unlimited.
“We are pleased to support Talent Systems in its acquisition of Spotlight and look forward to a successful partnership over the coming years,” Ashwin Krishnan, managing director and a portfolio manager of Morgan Stanley Private Credit, said.
“We believe this transaction positions Talent Systems as a leading provider of talent discovery technology and services across the global entertainment industry,” Bill Gassman, executive director of Morgan Stanley Private Credit, said.
“Talent Systems is well-capitalized for growth, and we are excited to partner with Morgan Stanley in this important chapter for the company,” Garrick Ahn, a partner at Caltius Equity Partners, said.
“Spotlight is an important milestone acquisition for Talent Systems, solidifying our market position and product offerings for our clients,” Rafi Gordon and Alex Amin, co-CEOs of Talent Systems, said in a joint statement.
Headquartered in Los Angeles, Talent Systems provides online technology, software and services that connect casting directors and studios with agents and actors.
Morgan Stanley Private Credit, part of Morgan Stanley Investment Management, is a private credit platform focused on direct lending and private credit investment in North America and western Europe.
