FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

Prospect Capital Funds $55MM First Lien Senior Secured Term Loan to Enseo

Date: Jun 22, 2021 @ 07:27 AM
Filed Under: Technology

Prospect Capital Corporation funded a $55 million first lien senior secured floating rate term loan to support the acquisition of Enseo Holdings, Inc. by an affiliate of H.I.G. Capital, LLC.

Enseo is the premier provider of customer experience management technology in the U.S., offering solutions in hospitality, senior living, education, and healthcare. Located in Plano, TX, Enseo has been engineering innovative hardware and software solutions for 21 years that deliver in-room entertainment, managed WiFi, smart room automation (IoT) and energy management, and a suite of health & safety solutions including employee emergency alert system, MadeSafe®, and touchless technology. Enseo is enjoyed by more than 85 million users annually.

“We are once again pleased to engage with the Prospect team, which deployed its diligent approach of providing a creative and flexible financing solution for the Enseo investment,” said Todd Ofenloch, Managing Director of H.I.G. “This transaction constitutes our 31 st financing with Prospect.”

“Our assessment of Enseo’s customer-centric solutions validated Enseo as a leader versus competitive offerings in the hospitality sector,” said Jason Wilson, a Managing Director at Prospect Capital Management L.P. “Our work also demonstrated the positive application of Enseo’s technology solutions to enhance both guest experience quality and employee safety in the hospitality, senior living, education, and multifamily residential sectors.”



Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.