Varagon Capital Partners served administrative agent on a senior secured credit facility to support the recapitalization of New Era Technology by Sentinel Capital Partners.
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Founded in 2013 and headquartered in West Chester, PA, New Era Technology is a global IT solutions provider that installs and maintains the IT, networking, connectivity and data requirements of companies.
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“We are excited to partner with Sentinel in its recapitalization of New Era Technology, said Matthew Cutri, managing director for Varagon. “We look forward to supporting management and Sentinel as they continue to grow the business.”
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Sentinel specializes in buying and building businesses in the lower midmarket in the United States and Canada in partnership with management. Sentinel targets aerospace and defense, business services, consumer, distribution, food and restaurants, franchising, healthcare, and industrial businesses.
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Varagon is a lender to middle market companies and private equity firms. It invests across the capital structure and delivers flexible financing solutions that meet the needs of private equity partners.
Forward for Specialty Finance
