CapitalSource Agents $30MM Facility for Pamlico Investment
Published September 17, 2012
Categories: Industry News
CapitalSource announced it was the administrative agent and co-lead arranger in a $30 million senior-secured loan facility for Pamlico Capital’s investment in TekLinks.
Pamlico Capital is a middle-market buyout and growth equity firm based in Charlotte, NC. Founded in 1988, the firm currently manages more than $2 billion in assets and targets the business and technology services, and communications and healthcare industries.
TekLinks is a managed- and cloud-services provider, independent data center operator and value-add reseller. It serves more than 2,500 mid-market enterprises and commercial clients in the greater Gulf States region.
“TekLinks is the leading provider of IT solutions and services and a dominant provider of outsourced managed services in the Gulf States region,” said Ryan Golding, managing director, Leveraged Finance at CapitalSource. “The firm also has an established customer base with a consistent pattern of repeat year-over-year purchases, and has done a great deal to grow the business, including the development of state-of-the-art data centers in Birmingham to support growth in the managed-services business.”
“Pamlico has an experienced team of investment professionals with a strong track record and demonstrated history of making strategic investments,” continued Golding. “We are pleased to facilitate this investment and play a role in their continued success.”
“It was very important for us to have knowledgeable, experienced lenders who understood the space,” commented Stuart Christhilf, principal, Pamlico Capital. “We are excited about the TekLinks investment and truly appreciate the support and creativity that CapitalSource brought to the transaction, as well as the ease of execution that we have come to expect from their team.”