MidCap Financial, LLC acts as Syndication Agent in Senior Financing for Lee Equity Partners' Acquisition of LDM Group
BETHESDA, Md., Nov. 18, 2014 /PRNewswire/ -- MidCap Financial, LLC ("MidCap"), a leading commercial finance company focused exclusively on middle market companies, announced today that it served as Syndication Agent for a senior credit facility to support the acquisition of LDM Group, LLC by Lee Equity Partners ("Lee Equity"), a leading middle market private equity firm. The acquisition will be combined with PDR Network, an existing portfolio company of Lee Equity.
MidCap's Leveraged Loan & Financial Sponsors team provides cash flow-based senior secured financing to support high quality, middle market companies across the United States.
Founded by Thomas H. Lee in 2006, Lee Equity is a leading private equity firm specializing in acquisitions and buyouts of middle market companies with high growth potential. It focuses on investing in the business services, consumer and retail, distribution, financial services, healthcare services and media sectors.
Bryan Rupprecht, Managing Director at MidCap, stated, "We are delighted to support Lee Equity and its portfolio company, PDR Network, in their acquisition of LDM Group. The combined business represents a clear leader in the healthcare information market and is expected to benefit from expanded scale and cost synergies achieved through improved operational leverage."
The combined business is a leading provider of behavior based prescription management programs for patients, drug manufacturers, pharmacies and physicians, as well as offering drug labeling information for regulatory and compliance purposes. It delivers important health information proven to positively change health behaviors in the largest, most credible professional and patient/consumer communications network, including the largest network of EHRs surpassing 250,000 prescribers and a network of over 16,000 clinically-oriented retail pharmacies caring for patients nationwide.
About MidCap Financial, LLC
MidCap Financial is a leading commercial finance firm that provides debt solutions to middle-market companies among a variety of industries, with a particular expertise in healthcare. MidCap specializes in $5 million to $250 million loans. The company is headquartered in Bethesda, MD, with offices in Los Angeles and Chicago, and focuses in four areas:
- Leveraged loans to middle market companies backed by private equity sponsors;
- Life Sciences loans, primarily to early stage pharmaceutical, biotech, & medical device companies;
- Asset-Based working capital loans to healthcare providers collateralized by third-party accounts receivable and other assets; and
- Real Estate loans to senior housing, skilled nursing facilities, and medical office buildings.
Additional information about MidCap Financial can be found at www.midcapfinancial.com
Contact: MidCap Financial, LLC
David G. Moore, CFO
301-760-7600
[email protected]
SOURCE MidCap Financial, LLC
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