CHARLOTTE, N.C., July 14, 2017 (GLOBE NEWSWIRE) -- Barings, one of the world’s leading asset management firms, announced today that it served as Administrative Agent for the Senior Secured Credit Facility supporting Pamlico Capital’s investment in Becker’s Healthcare.
Becker’s Healthcare, based in Chicago, is a leading source of business information for hospital operators and other leaders in the healthcare sector. Becker’s serves more than 600 customers under four core brands targeting specific healthcare verticals – Hospitals, Ambulatory Surgery Centers, Spine/Orthopedics, and Infection Control & Clinical Quality. Within the core verticals, Becker’s has five industry conferences, eleven digital properties, and four magazines to engage healthcare industry leaders and key decision makers.
“We selected Barings to Agent the transaction based upon our strong relationship with their team and our confidence in their ability to execute on a tight timeline,” said Jay Henry, Vice President at Pamlico Capital. “Throughout the course of this transaction, we were impressed with Barings’ ability to focus on the most critical diligence items, which allowed for us to work quickly and efficiently toward Closing.”
“Barings greatly appreciates the opportunity to partner with the Pamlico team on its investment in Becker’s Healthcare, which represents our third investment with their firm in the last two years,” said Justin Lay, Managing Director in Barings’ North American Private Finance Group. “Becker’s has established itself as the go-to source for intelligence in an industry where rapid change is driving an ever greater need for information, and has found an ideal partner in Pamlico who brings expertise in both healthcare and business information services.”
About Becker’s Healthcare
Becker's Healthcare is the leading source of cutting-edge business information for hospital and health system leaders and owners and operators of ambulatory surgery centers. With four core brands targeting specific healthcare verticals – Hospitals, Ambulatory Surgery Centers, Spine/Orthopedics, and Infection Control & Clinical Quality– as well as five premier industry conferences, Becker’s utilizes multiple channels to reach industry leaders and decision-makers. To see the various offerings within the Becker’s portfolio of products, as well as information on the company and its leadership, please visit http://www.asccommunications.com/.
About Pamlico Capital
Pamlico Capital is a private equity firm founded in 1988 that invests in lower middle market companies in the U.S. Pamlico Capital seeks growth equity and buyout investments of up to $100 million alongside proven management teams in its target industries: business and technology services, communications and healthcare. Since inception, the firm, based in Charlotte, N.C., has invested over $2.5 billion. For additional information, please visit www.pamlicocapital.com.
About Barings LLC
Barings is a $288 billion* global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. A member of the MassMutual Financial Group, Barings maintains a strong global presence with over 1,700 employees and 600 investment professionals across 41 offices in 17 countries. Learn more at www.barings.com.
*As of June 30, 2017
17/502