PHILADELPHIA, Nov. 12, 2014 /PRNewswire/ -- LBC Credit Partners ("LBC"), a leading provider of financing solutions to middle market companies, agented a senior secured term loan to support the recapitalization of Anexinet Corporation ("Anexinet" or the "Company"), a portfolio company of Marlin Equity Partners ("Marlin"). Proceeds will also be used to fund the continued growth of the Company.
LBC Credit Partners was Sole Lender for the transaction.
Anexinet specializes in application development, business intelligence, infrastructure services, mobility, project management, managed services, and cloud hosting services in the Mid-Atlantic and Northeast region. They serve approximately 150 clients in a variety of industries including healthcare, insurance, utilities, manufacturing, financial services, and others.
Marlin is a global investment firm with over $3 billion of capital under management, and has an extensive and successful track record in the technology industry. Marlin invests in businesses across multiple industries where its capital base, industry relationships and extensive network of operational resources significantly strengthens a firm's outlook and enhances value.
About LBC Credit Partners
LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With approximately $1.75 billion of capital commitments, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. Headquartered in Philadelphia, LBC has additional offices in Chicago and Greenwich. To learn more about LBC Credit Partners, visit www.lbccredit.com.
Information as of June 2014.
Phone: (610) 631-5702
SOURCE LBC Credit Partners