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Brightwood Capital Advisors Experiences One of its Most Active Investment Periods

April 28, 2021, 07:12 AM

Brightwood Capital Advisors experienced one of its most active investment periods in the firm's 11-year history. Between the fourth quarter of 2020 and the first quarter of 2021, Brightwood deployed capital to 25 new or existing borrowers across five core sectors: healthcare services, business services, technology & telecommunications, transportation & logistics and franchising.

"The Brightwood team is proud to support a wide range of middle market businesses as they continue to navigate the current environment and capitalize on emerging opportunities in their sectors," said Sengal Selassie, Managing Partner and Chief Executive Officer of Brightwood. "This high level of deal activity speaks to the value our borrower's place on the flexibility of our financing solutions, as well as the guidance and resources we bring to bear as they look to strengthen and grow their businesses amid uncertainty."

Notable transaction activity:

BioVectra Inc.
Brightwood extended senior secured debt capital to BioVectra, a Canadian contract development and manufacturing organization, to help support the company's continued strategic growth and expansion as it continues to serve the fast-growing biologics market.

Lab Logistics
Brightwood provided senior debt to Lab Logistics, a provider of specialized transportation and logistics services to medical laboratories and hospitals, to support a strategic acquisition and Lab Logistic's continued strong growth.

Brightwood provided senior debt to digital identity and theft protection firm Sontiq to acquire CyberScout, allowing Sontiq to expand and diversify its customer base by penetrating new end-markets such as insurance and employee benefit providers.

Zips Car Wash
Brightwood upsized a first lien term loan facility to Zips, the largest express tunnel car wash operator in the United States and the third largest conveyor car wash chain in the U.S., in support of strategic acquisitions and the company's continued expansion.

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