Clarus Capital completed a $20 million loan facility for a sponsor-backed IT service provider. The funding will support investments in critical data center equipment to expand capacity and refresh existing technology as part of the company’s ongoing strategic upgrade initiative.
“Our client has a long track record of success managing mission critical digital infrastructure systems for its blue-chip enterprise customers,” Steve O’Leary, CEO of Clarus, said. “This transaction serves as a great example of the wide-ranging and specialized industry expertise our team continues to deliver across sectors and essential-use asset types. With ample dry powder to grow the relationship into the future, Clarus continues to structure and execute transactions up to $40 million for its own balance sheet, with reliability and certainty of closing.”
“The team at Clarus has supported this client through various stages of its corporate development, including previous buyout transactions as owners and managers of NewStar Financial,” Tim Conway, chairman of Clarus, said. “This relationship demonstrates our team’s ability to leverage unique industry and intimate company familiarity to now deliver a thoughtful financing solution for essential use assets.”
