LBC Credit Partners Provides Senior Secured Credit Facility to Support Acquisitions of Leading Market Research Firms
Jul 24, 2018
Deal announcements
Philadelphia, PA, July 24, 2018 - LBC Credit Partners ("LBC"), a leading provider of financing solutions to middle market companies, provided a $60.0 million senior secured credit facility to support the acquisitions of Market Strategies International ("Market Strategies") and Morpace Inc. ("Morpace") by STG Partners, LLC. Market Strategies and Morpace will be fully integrated and co-located under a new brand to be announced later in 2018 and will remain headquartered in Michigan. The combined organization will be the 15th largest market research firm in the United States with blue-chip clients from around the globe.
LBC served as Agent for the senior secured credit facility.
Market Strategies and Morpace are leading market research firms serving the automotive, consumer/retail, energy, financial services, health, technology and telecommunications industries. Their research specialties include brand, customer experience, product development and segmentation, and they are known for exceptional quality of execution, smart methodologies, and a rigorous approach to primary research as well as syndicated studies and benchmarking.
STG Partners, LLC is a Palo Alto, California-based private equity firm which has built a long and successful track record transforming high potential software and technology-enabled services companies into definitive market leaders.
About LBC Credit Partners
LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With over $3 billion* of capital commitments, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. LBC is headquartered in Philadelphia, with offices in Chicago, New York and Los Angeles. To learn more, visit www.lbccredit.com.
*Information as March 31, 2018