Comvest Credit Partners Serves as Joint Lead Arranger on $415 Million Senior Credit Facility For WildBrain
2024年8月20日 - 8:30PM
ビジネスワイヤ(英語)
Comvest Credit Partners (“Comvest”), a leading provider of
flexible direct financing solutions to middle-market companies, is
pleased to announce that it is acting as Joint Lead Arranger and is
the co-Administrative Agent alongside Sagard on a $415 million
senior secured credit facility (the “Financing”) for WildBrain Ltd.
(“WildBrain” or the “Company”) (TSX: WILD), a global media leader
in kids' and family entertainment. The Financing, from a group of
private lenders, will be used to refinance existing debt and repay
debentures.
WildBrain develops, produces, and distributes films and
television programs in Canada, the United States, the United
Kingdom, and internationally. A worldwide leader in content
creation, distribution and global licensing for kids’ entertainment
brands, WildBrain is home to such franchises as Peanuts,
Teletubbies, Strawberry Shortcake, and Caillou. The Company’s
entertainment content is available on over 500 platforms in more
than 150 countries.
“WildBrain is a niche market leader in children’s entertainment
programming with a diversified asset portfolio and blue-chip
customer base,” said Joe Higginbotham, a Managing Director at
Comvest. “The Comvest team is pleased to close a major refinancing
transaction that supports WildBrain’s growth strategy in a media
sector with positive tailwinds.”
About WildBrain
WildBrain Ltd. is a global media, animation studio, production
and brand licensing company for kids’ and family entertainment
properties. WildBrain is home to such franchises as Peanuts,
Teletubbies, Strawberry Shortcake, and Caillou, and its content is
available in more than 150 countries on over 500 platforms. Its
in-house licensing agency represents major brands for consumer
products in every major territory worldwide. WildBrain is
headquartered in Canada with offices worldwide and trades on the
Toronto Stock Exchange (TSX: WILD).
About Sagard
Sagard is a global multi-strategy alternative asset management
firm with more than US $25B under management, 150+ portfolio
companies, and 300 professionals. Sagard invests in venture
capital, private equity, private credit, real estate, and
royalties. With offices in Canada, the United States, Europe and
the Middle East, Sagard provides flexible capital, an
entrepreneurial culture, and a global network of investors,
commercial partners, advisors, and value-creation experts. For more
information, visit www.sagard.com.
About Comvest Credit Partners
Comvest Credit Partners, the direct lending platform of Comvest
Partners, focuses on providing flexible financing solutions to
middle-market companies. Comvest Credit Partners provides senior
secured, unitranche, and second lien capital to sponsored and
non-sponsored companies in support of growth, acquisitions,
buyouts, refinancings, and recapitalizations, with credit
facilities up to $300 million-plus. For more information, please
visit comvest.com/direct-lending.
About Comvest Partners
Comvest Partners is a private investment firm that has provided
equity and debt capital to well-positioned middle-market companies
throughout North America since 2000. Through its private equity,
direct lending and special opportunities investment platforms,
Comvest offers tailored investment solutions across the capital
structure along with deep industry expertise, operating resources,
a collaborative approach, and significant transaction experience as
an active investor. Today, Comvest manages $12.5 billion in assets,
and has invested over $13.5 billion since inception. Based in West
Palm Beach, Comvest also maintains offices in Chicago and New York
City. For more information, please visit comvest.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240819003537/en/
Joe Higginbotham, Managing Director, Comvest Credit Partners –
j.higginbotham@comvest.com Bryce Peterson, Managing Director,
Comvest Credit Partners – b.peterson@comvest.com