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


LBC Credit Partners Provides $35MM to ACON Investments Portfolio Company

May 15, 2013, 07:04 AM
Filed Under: Manufacturing

LBC Credit Partners announced the completion of a $35.0 million senior secured term loan to idX, a portfolio company of ACON Investments (“ACON”). The financing was used to refinance existing debt and will provide support for idX to continue the execution of its strategic growth plan, including acquisitions and investments in its domestic and offshore operations.

idX is a privately held company that specializes in retail display fixture manufacturing, logistics and project management. With over 20 years of experience working in domestic and international markets, idX has played an integral role in helping leading companies achieve their brand vision. The company maintains 17 facilities and offices worldwide housing over 2.5 million square feet of manufacturing and warehousing space, and over 1,000 dedicated idX employees.

ACON and idX approached LBC Credit Partners for financing that would allow idX to invest in the infrastructure and enable idX to expand its position as a market leader in customized fixture solutions. LBC served as the sole lead arranger, sole bookrunner and administrative agent for this transaction. With much expertise in both retail products and manufacturing markets, as well as in supporting growth, LBC’s knowledge of industry challenges and opportunities was integral to helping structure the deal. Additionally, idX appreciated LBC’s flexibility and ability to move quickly.

With offices in Washington, Los Angeles, Madrid, Sao Paulo and Mexico City, ACON Investments is an international middle market private equity investment firm with over $2.5 billion of capital under management.

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 $1.25 billion of committed capital, 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. Headquartered in Philadelphia, LBC has offices in New York City and Chicago.

Comments From Our Members

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