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Webster Bank Provides $110MM Financing for Attenda Acquisition

October 27, 2016, 07:31 AM
Filed Under: Technology

Webster Bank provided a $110 million debt financing loan to Ensono, a hybrid IT services provider that works with its clients to deliver progressive solutions to help them operate their IT infrastructure.  The loan will be used to finance the acquisition of Attenda, one of the UK's leading managed services and cloud platform providers.  Webster Bank led the transaction, which was an add-on to an existing $85 million buyout financing dating back to 2015.

Developing a reputation as a trusted advisor for sponsors and borrowers alike represents a key initiative for Webster Bank's Sponsor & Specialty Group. To this end, Webster Bank hopes to build on recent momentum to increase its presence as a lead left lender.

"We've enjoyed great momentum within the IT infrastructure industry and believe that the Ensono financing represents our capabilities," says Matt Kane, managing director and head of Webster Bank's Telecom and Technology Group.  "We're excited to support MC Partners, Charlesbank Capital Partners and the company as they continue to expand."

Webster Financial Corporation is the holding company for Webster Bank, National Association. With $25.1 billion in assets, Webster provides business and consumer banking, mortgage, financial planning, trust, and investment services through 176 banking centers and 349 ATMs. Webster Bank owns the asset-based lending firm Webster Business Credit Corporation; the equipment finance firm Webster Capital Finance Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services.

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