We are pleased to announce that Crescent Direct Lending has recently served as Agent in providing a Senior Credit Facility to support the refinancing of Contract Datascan, LP (“Datascan”) by Chartwell Investments (“Chartwell”). Crescent Direct Lending continues to be one of the most active lenders in the lower middle-market, having completed over 30 financings during the last twelve months.
Datascan provides inventory self-scanning services to retailers in order to facilitate a variety of physical inventory counting needs. Datascan collects and analyzes inventory data using the industry’s most sophisticated web based solutions, underpinned by the world’s largest fleet of scanners, deployed on behalf of clients with stores in over 45 countries.
About Chartwell Investments
Chartwell Investments is a private investment firm targeting leading middle-market companies with an emphasis on family and entrepreneurially-owned businesses and corporate carve-outs. Chartwell invests in companies across a range of industries that have outstanding management teams and compelling business models with EBITDA typically between $5 million and $15 million. Chartwell has a long term investment horizon extending beyond typical private equity boundaries and has extensive sponsor and operational experience.
About Crescent Direct Lending
Crescent Direct Lending is the private lower middle-market and middle-market lending team of Crescent Capital Group LP (“Crescent Capital”). We provide flexible senior cash flow loans to private equity-backed companies. Crescent Direct Lending targets companies with over $5 million of EBITDA and can arrange credit facilities up to $75 million with hold sizes up to $50 million. Crescent Capital is a leading asset manager in the below investment grade credit markets with approximately $18 billion of assets under management, over 60 investment professionals, and in operation for over 20 years.