Today: December 14, 2017, 5:25 am
  
Business

Barings Provides Financing to Support GTCR's Investment in Simpli.fi

PR-Inside.com: 2017-10-11 19:02:01

CHARLOTTE, N.C., Oct. 11, 2017 (GLOBE NEWSWIRE) -- Barings, one of the world's leading asset management firms, announced today that it served as a Joint Lead Arranger on a senior secured credit facility to support GTCR's acquisition of a majority stake in Simplifi Holdings Inc. ("Simpli.fi").

Simpli.fi, headquartered in Fort Worth, Texas, provides a programmatic platform that enables the largest buyers of localized advertising, including local media groups and agencies, to execute hyper-targeted campaigns across a variety of digital formats and devices.

"GTCR is pleased to have the support of Barings on our investment in Simpli.fi," said Jeff Heh, principal for GTCR. "Speed of execution and the ability to provide certainty of closing were essential requirements in this transaction, and Barings has proved to be a valuable partner to GTCR."

"Barings is excited to have this opportunity to partner with GTCR and to support the growth of Simpli.fi," said Sunny Khorana, a managing director in Barings' North American Private Finance Group. "Simpli.fi's digital advertising platform provides granular insights which have attracted a loyal customer base, and we believe the company's prospects are compelling as it teams with GTCR to drive growth and build enterprise value."

With over 600 investment professionals, including more than 70 dedicated solely to private finance, Barings leverages its global presence and local expertise to source private credit investments in developed markets worldwide. This global sourcing network, coupled with a diverse portfolio of platform companies, provides Barings with ongoing opportunities to finance middle market transactions including new platform investments, add-on acquisitions and recapitalizations across the U.S., Europe and Asia.

About GTCR
Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Growth Business Services, Technology, Media & Telecommunications, Healthcare and Financial Services and Technology industries. The Chicago-based firm pioneered The Leaders Strategy(TM) - finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through transformational acquisitions and organic growth. Since its inception, GTCR has invested more than $14 billion in over 200 companies. For more information, please visit www.gtcr.com.

About Barings
Barings is a $288 billion* global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. A member of the MassMutual Financial Group, Barings maintains a strong global presence with over 600 investment professionals and offices in 16 countries. Learn more at www.barings.com.

*As of June 30, 2017

Contact:
Brian Whelan, Barings, 704.805.7244, brian.whelan@barings.com

17/277287




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Barings via Globenewswire




# 630 Words
Related Articles
More From The Author
Museum of Fine Arts, Boston, to Receive [..]
Today, the Museum of Fine Arts, Boston (MFA) : “We are extremely grateful to the Van Otterloos and Weatherbies for [..]
Under New Management: ALEA Acquires LadyLucks Casino [..]
ALEA : Its previous owner, IGT, bought the site back in 2014 as part of its £18m takeover of Probability. [..]
Publicis Groupe Advances in Its Ambition to [..]
Publicis Groupe Advances in Its Ambition to Become the Market Leader in Marketing Transformation and Digital Business Transformation Creation [..]
ITA Issues Call for Papers TITANIUM ASIA [..]
International Titanium Association (ITA) has issued a “Call for Papers” to be presented at the first TITANIUM ASIA 2018, to [..]
Sampo plc: Disclosure Under Chapter 9 Section [..]
SAMPO PLC     STOCK EXCHANGE RELEASE         11 October 2017 at 5:20 pm Disclosure Under Chapter 9 Section 5 of [..]
 
More From Business
Cirtek Holdings Philippines Corp Holds Its First-Ever [..]
SAN FRANCISCO, CA, Dec 8, 2017 - (ACN Newswire) - All-Asia institutional equities broker Decker & Co. hosted Cirtek Holdings [..]
Business of Intellectual Property (BIP Asia) Forum [..]
Industry Experts Gather in Hong Kong to Promote IP and Innovation HONG KONG, Dec 7, 2017 - (ACN Newswire) - [..]
Select the best flower and present it [..]
You can send flowers to your friends and relatives within the city. You can also present flowers to your beloved [..]
European Tech Startup LivingPackets Launches Pilot International [..]
A game-changing international delivery startup LivingPackets has secured support of the five-star St Pancras Renaissance Hotel, [..]
Experienced Business Coaches Launch “Business Wingmen” Podcast [..]
SANTA ANA, Calif., - November 27, 2017- Two prominent Orange County business coaches announced the formation and launch of [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.